Rhode Island Adopts Home Loan Protection Act and Mortgage Foreclosure Disclosure Provisions

The Rhode Island Department of Business Regulations is reformatting all of its current banking regulations in order to incorporate them into the Rhode Island Code of Regulations and has adopted the Home Loan Protection Act and Mortgage Foreclosure Disclosure provisions. The RICR is a uniform code of all regulations filed by Rhode Island's state agencies, […]

Rhode Island Joins Lists of True Super-Priority Lien States for Condo Associations

In December 2015, the Rhode Island Supreme Court issued an opinion holding that Rhode Island's Uniform Condominium Act provides a true “super-priority” lien to condominium owner associations when a condominium owner is delinquent in paying the COA assessments. This super-priority lien – applicable to condo association liens only – takes priority over a lender's first […]