| Title | 825 | Housing and Mortgage Finance Corporation |
| Chapter | 40 | Rules Relative to Other Programs |
| Subchapter | 00 | N/A |
| Part | 2 | Sale of Foreclosed Properties and Disbursement of Surplus Funds Pursuant to Madeline Walker Act |
| Type of Filing | Adoption |
| Regulation Status | Proposed |
| Filing Notice Date | 04/01/2025 |
| Public Comment Dates | 04/01/2025 to 05/02/2025 |
Regulation Authority:
R.I. Gen. Laws § 44-9-8.3
R.I. Gen. Laws § 42-35-2(a)
R.I. Gen. Laws § 42-55-5(5)
Purpose and Reason:
RIHousing has proposed the adoption of 825 RICR-40-00-2 to formalize a procedure for disbursement of surplus funds in the event that RIHousing sells a property acquired at tax sale pursuant to the Madeline Walker Act (R.I. Gen. Laws 44-9-8.3). This proposed rule would establish a more efficient internal procedure and simplify the claims process.
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Comment(s) Received*