§ 34-11-1.3 - Name and address of mortgagor and mortgagee – Recording. - Rhode Island Statutes

SECTION 34-11-1.3

   § 34-11-1.3  Name and address of mortgagorand mortgagee – Recording. – Every mortgage deed presented for record shall contain or have endorsed upon itthe name and address of the mortgagor and mortgagee and the address shall berecorded as part of the mortgage deed. Failure to comply with this sectionshall not affect the validity of any mortgage deed, but the city or town clerkmay charge an additional two dollars ($2.00) for a recording fee if the nameand address does not appear on the instrument. The purpose of including themortgagee's address is to facilitate in the eventual discharge thereof, andalso for purpose of any notice that may be sent to the mortgagor and mortgagee.