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2017 Rhode Island General Laws
Title 34 - Property
Chapter 34-25.1 - Reverse Mortgages
Section 34-25.1-13 - Attorneys-in-fact - Guardians.
Universal Citation: RI Gen L § 34-25.1-13 (2017)
§ 34-25.1-13. Attorneys-in-fact - Guardians.
All mortgagees shall require any person who executes reverse mortgage loan documents as attorney-in-fact for another to deliver at the closing a written, notarized certification as to all of the following: (1) That the power of attorney is then in full force and effect and has not been revoked or otherwise terminated; and (2) That the attorney-in-fact acknowledges his or her fiduciary obligations to the principal pursuant to the power of attorney with respect to the reverse mortgage loan.
History of Section.
(P.L. 2008, ch. 19, § 2; P.L. 2008, ch. 21, § 2.)
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