Rhode Island § 5-80-2 - Mortgage Foreclosure Purchasers
Full text of Rhode Island Rhode Island General Laws § 5-80-2 — Mortgage Foreclosure Purchasers, with citation guidance and answers to common questions.
§ 5-80-2. Mortgage Foreclosure Purchasers
R.I. Gen. Laws § 5-80-2
§ 5-80-2. Contract requirement — Form and language.
A foreclosure purchaser shall enter into every foreclosure reconveyance in the form of a written contract. Every contract must be written in letters of a size equal to at least twelve-point (12) boldface type, in the same language principally used by the foreclosure purchaser and foreclosed homeowner to negotiate the sale of the residence in foreclosure and must be fully completed and signed and dated by the foreclosed homeowner and foreclosure purchaser before the execution of any instrument of conveyance of the residence in foreclosure.
History of Section.
P.L. 2006, ch. 242, § 2; P.L. 2006, ch. 287, § 2.
Frequently Asked Questions About Rhode Island § 5-80-2
What does Rhode Island General Laws § 5-80-2 cover?
Section 5-80-2 ("Mortgage Foreclosure Purchasers") 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 § 5-80-2?
A common citation format is "Rhode Island General Laws § 5-80-2" (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 § 5-80-2 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.