2014 Rhode Island General Laws
Title 9 - COURTS and CIVIL PROCEDURE–PROCEDURE GENERALLY
Chapter 9-26 - Levy and Sale on Execution
Section 9-26-9 - Proceeds of sale of mortgaged property.
§ 9-26-9 Proceeds of sale of mortgaged property. – The proceeds of the sale shall be applied to the payment of the amount due on the mortgage, with such deduction for interest for the anticipated payment, or allowance for damages for such anticipated payment, as may be ascertained and allowed by the court to which the execution is returnable, and the balance shall be applied to the payment of the amount due on the execution.
History of Section.
(C.P.A. 1905, § 629; G.L. 1909, ch. 304, § 6; G.L. 1923, ch. 355, § 6; G.L. 1938, ch. 553, § 6; G.L. 1956, § 9-26-9.)
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