§ 34-26-1. Complaint to redeem. Any person entitled in equity to redeem any mortgaged property, whether real or personal, may prefer a complaint to redeem the property, which complaint may be heard, tried and determined according to the usages in chancery and the principles of equity. History of Section.G.L. 1896, ch. 207, § 14; G.L. […]
§ 34-26-2. Right to discharge on satisfaction of mortgage — Escrow accounts. (a) Every mortgagee of real estate, his, her or its heirs, executors, administrators, successors, or assigns, having received full satisfaction for the money due on the mortgage, shall, within thirty (30) days after final payment, discharge the mortgage as provided in § 34-26-3 […]
§ 34-26-3. Methods of discharge. A mortgage may be discharged in whole or in part by an entry acknowledging the satisfaction thereof or the payment thereon, as the case may be, made on the face or back of the mortgage, or upon the face or margin of the record of the mortgage, in the records […]
§ 34-26-4. Requiring assignment of mortgage in lieu of discharge — Enforcement by incumbrancers. Where a mortgagor is entitled to redeem, he or she shall by virtue of this section have power to require the mortgagee, instead of discharging or reconveying, and on the terms on which he or she would be bound to discharge […]
§ 34-26-5. Liability of mortgagee for failure to discharge, release, or transfer mortgage. (a) If any mortgagee, his, her or its heirs, executors, administrators, agents, successors, or assigns, shall not, within ten (10) days after a request made in that behalf and a tender of all reasonable charges therefor, discharge the mortgage in one of […]
§ 34-26-6. Other forms of discharge or release preserved. Nothing contained in this chapter shall be so construed as to defeat, invalidate, annul, or render ineffectual any other legal or equitable discharge, payment, satisfaction, or release of any mortgage. History of Section.G.L. 1896, ch. 207, § 9; G.L. 1909, ch. 258, § 9; G.L. 1923, […]
§ 34-26-7. Certain ancient mortgages becoming void unless continued. On and after January 1, 1989, no power of sale in any mortgage of real estate, except mortgages made by public utilities and non-amortizing mortgages made by Rhode Island housing and mortgage finance corporation now or hereafter of record, shall be exercised and no entry shall […]
§ 34-26-8. Release of mortgage — Affidavit. (a) For purposes of this section: (1) “Mortgage” means a mortgage upon any interest in real property located in the State of Rhode Island. (2) “Person” means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision or agency, or other legal or commercial […]
