Rhode Island General Laws 34-44-10. Legality of prior and inferior mortgage liens
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The creation of any mortgage lien under this chapter prior to or superior to any mortgage of record at the time the mortgage lien was created shall not disqualify a prior recorded mortgage as a legal investment under chapter 9 of Title 19.
History of Section.
P.L. 1986, ch. 447, § 1.
Terms Used In Rhode Island General Laws 34-44-10
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.