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64 chapters · 819 sections in this title.
R.I. Gen. Laws § 34-25.1-1. Reverse mortgages
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Whenever a mortgage deed in statutory form or other form mortgaging real property is clearly entitled at the beginning thereof, reverse mortgage to secure present and future loans under chapter 25 of this title and in all other respects complies with the requirements of § 34-25.1…
R.I. Gen. Laws § 34-25.1-10. Pre-closing disclosures
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At least three (3) business days before closing of the loan, all mortgagees, or their authorized representative who is then duly licensed by the Rhode Island department of business regulation as lender or as a loan broker shall provide in writing all of the following information …
R.I. Gen. Laws § 34-25.1-11. Annual account statements and other required disclosures
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(a) At the closing of the reverse mortgage loan, the mortgagee shall provide to the mortgagor(s) contact information for the mortgagee’s (or its assignee’s or servicing agent’s, as the case may be) employee(s) or agent(s) who have been designated specifically to respond to inquir…
R.I. Gen. Laws § 34-25.1-12. Non-binding on the applicant
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An applicant for a reverse mortgage loan shall not be bound for at least three (3) business days after all of the following shall have occurred: (1) The applicant’s execution and delivery to the mortgagee of a fully completed application for the reverse mortgage loan; (2) The app…
