Rhode Island General Laws > Chapter 34-27.1 – Payment of Proceeds of Mortgage Loans to Subcontractors and Materialmen
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| § 34-27.1-1 | Payment of mortgage proceeds to subcontractors and materialmen |
Terms Used In Rhode Island General Laws > Chapter 34-27.1 - Payment of Proceeds of Mortgage Loans to Subcontractors and Materialmen
- in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
- 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.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.