Rhode Island General Laws 5-80-6. Waiver
Current as of: 2024 | Check for updates
|
Other versions
Any waiver of the provisions of § 5-80-1 — § 5-80-9 is void and unenforceable as contrary to public policy except a consumer may waive the five-day (5) right to cancel provided in § 5-80-4 if the property is subject to a foreclosure sale within the five (5) business days, and the foreclosed homeowner agrees to waive his or her right to cancel in a handwritten statement signed by all parties holding title to the foreclosed property.
History of Section.
P.L. 2006, ch. 242, § 2; P.L. 2006, ch. 287, § 2.
Terms Used In Rhode Island General Laws 5-80-6
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC