§ 34-25-13 - Mortgages to which §§ 34-25-8 – 34-25-14 apply. - Rhode Island Statutes

SECTION 34-25-13

   § 34-25-13  Mortgages to which §§34-25-8 – 34-25-14 apply. – (a) "Mortgage," as used in §§ 34-25-8 – 34-25-14, means a realestate mortgage deed or real estate mortgage instrument entitled, "Open-endmortgage to secure present and future loans under chapter 25 of title 34", andwhich includes in its provisions the terms and elements set forth in §34-25-9; but this chapter shall not apply to nor affect, directly, indirectlyor by implication, any mortgage made before June 1, 1983, and shall not applyto nor affect, directly, indirectly, or by implication, any mortgage thereaftermade, whether or not it provides for future loans, unless it complies with therequirements of this chapter.

   (b) "Mortgagor", as used in §§ 34-25-8 –34-25-14, means and includes the mortgagor and mortgagors named in the"mortgage," and his, her, its or their heirs, executors, administrators,successors, or assigns, as the case may be.