Rhode Island General Laws 44-4-5. Mortgagor in possession of real estate deemed owner
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The mortgagor is deemed to be the owner of mortgaged real estate, so long as the real estate is in the mortgagor’s possession.
History of Section.
G.L. 1896, ch. 45, § 5; G.L. 1909, ch. 57, § 5; G.L. 1923, ch. 59, § 5; G.L. 1938, ch. 30, § 5; G.L. 1956, § 44-4-5.
Terms Used In Rhode Island General Laws 44-4-5
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10