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156 chapters · 1,908 sections in this title.
R.I. Gen. Laws § 5-80-1. Definitions
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As used for §§ 5-80-1 — 5-80-9: (a) “Foreclosed homeowner” means an owner of residential real property, including a condominium, that is the primary residence of the owner and whose mortgage on the real property is or was in foreclosure. (b) “Foreclosure conveyance” means a trans…
R.I. Gen. Laws § 5-80-2. Contract requirement — Form and language
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A foreclosure purchaser shall enter into every foreclosure reconveyance in the form of a written contract. Every contract must be written in letters of a size equal to at least twelve-point (12) boldface type, in the same language principally used by the foreclosure purchaser and…
R.I. Gen. Laws § 5-80-3. Contract terms
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(a) Every contract required by § 5-80-2 must contain the entire agreement of the parties and must include the following terms: (1) The name, business address, and the telephone number of the foreclosure purchaser; (2) The address of the residence in foreclosure; (3) The total con…
R.I. Gen. Laws § 5-80-4. Contract cancellation
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(a) In addition to any other right of rescission, the foreclosed homeowner has the right to cancel any contract with a foreclosure purchaser until midnight of the fifth (5th) business day following the day on which the foreclosed homeowner signs a contract that complies with §§ 5…
