Rhode Island General Laws 34-25.2-1. Short title

Current as of: 2024 | Check for updates | Other versions

This chapter shall be known as the “Rhode Island Home Loan Protection Act.”

History of Section.
P.L. 2006, ch. 569, § 1; P.L. 2006, ch. 573, § 1.

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Home loan: means a loan, including an open-end credit plan, other than a reverse mortgage transaction, where the loan is secured by:

(1) A mortgage or deed of trust on real estate in this state upon which there is located or there is to be located a structure or structures designed principally for occupancy of from one to four (4) families which is or will be occupied by a borrower as the borrower's principal dwelling; or

(2) A security interest on a manufactured home which is or will be occupied by a borrower as the borrower's principal dwelling. See Rhode Island General Laws 34-25.2-4