Rhode Island General Laws 34-25.2-1. Short title
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This chapter shall be known as the “Rhode Island Home Loan Protection Act.”
History of Section.
P.L. 2006, ch. 569, § 1; P.L. 2006, ch. 573, § 1.
Terms Used In Rhode Island General Laws 34-25.2-1
- Home loan: means a loan, including an open-end credit plan, other than a reverse mortgage transaction, where the loan is secured by:
(1) A mortgage or deed of trust on real estate in this state upon which there is located or there is to be located a structure or structures designed principally for occupancy of from one to four (4) families which is or will be occupied by a borrower as the borrower's principal dwelling; or
(2) A security interest on a manufactured home which is or will be occupied by a borrower as the borrower's principal dwelling. See Rhode Island General Laws 34-25.2-4