Rhode Island § 34-25-9 - Future Loans and After-Acquired Property
Full text of Rhode Island Rhode Island General Laws § 34-25-9 — Future Loans and After-Acquired Property, with citation guidance and answers to common questions.
§ 34-25-9. Future Loans and After-Acquired Property
R.I. Gen. Laws § 34-25-9
§ 34-25-9. Form of open-end mortgage.
In order to be entitled to the benefits of this chapter, a mortgage deed shall comply with the following provisions:
(1) The mortgage deed shall contain specific provisions permitting the future advances;
(2) At no time shall the unpaid principal balance of indebtedness outstanding under the mortgage deed exceed the stated amount thereof;
(3) All future advances shall be evidenced by a note or notes and/or an agreement signed by the obligor whose indebtedness is secured by the mortgage deed;
(4) The original mortgage deed shall be executed and recorded on or after June 1, 1983; and
(5) The mortgage shall provide an address at which mortgagee will accept written notices pursuant to §§ 34-25-10(b) and 34-25-11. The application of this section shall be retroactive to June 1, 1983.
History of Section.
P.L. 1983, ch. 230, § 1; P.L. 1984, ch. 238, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 34-25-9
What does Rhode Island General Laws § 34-25-9 cover?
Section 34-25-9 ("Future Loans and After-Acquired Property") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 34-25-9?
A common citation format is "Rhode Island General Laws § 34-25-9" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 34-25-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.