BANKING REGULATION 5 MORTGAGE FORECLOSURE


230-RICR-40-10-4 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 40 Banking
Subchapter 10 Lending
Part 4 BANKING REGULATION 5 MORTGAGE FORECLOSURE
Type of Filing Technical Revision
Regulation Status Inactive View Active Rule
Effective 10/20/2014 to 10/01/2015

Regulation Authority :

R.I. Gen. Laws §§, 34-27-3.2, 34-27-7, 42-14-17 and 42-35-3

Purpose and Reason :

The purpose of this Regulation is to promulgate the form of written notices required pursuant to R.I. Gen. Laws §§ 34-27-3.2 and 34-27-7. This Regulation also clarifies the Mortgagee’s duties and consequences of its failure to comply with R.I. Gen. Laws § 34-27-3.2 and this Regulation. Readers are cautioned to consult the statutes for additional obligations not repeated in this Regulation. R.I. Gen. Laws § 34-27-3.2 and this Regulation apply to all entities and individuals subject to regulation and supervision by the Rhode Island Division of Banking (“Division”) as 2 well as to any Mortgagee holding a loan owned or payable

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.