{"data":{"id":"us-ri/r.i.-gen.-laws-34-25-9","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 34-25-9","heading":"Form of open-end mortgage.","body":"In order to be entitled to the benefits of this chapter, a mortgage deed shall comply with the following provisions:\n(1) The mortgage deed shall contain specific provisions permitting the future advances;\n(2) At no time shall the unpaid principal balance of indebtedness outstanding under the mortgage deed exceed the stated amount thereof;\n(3) All future advances shall be evidenced by a note or notes and/or an agreement signed by the obligor whose indebtedness is secured by the mortgage deed;\n(4) The original mortgage deed shall be executed and recorded on or after June 1, 1983; and\n(5) The mortgage shall provide an address at which mortgagee will accept written notices pursuant to §§ 34-25-10(b) and 34-25-11. The application of this section shall be retroactive to June 1, 1983.","path":["Title 34 Property","Chapter 25 Future Loans and After-Acquired Property"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE34/34-25/34-25-9.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:47Z","sha256":"2117aea1fe14d2710ef37519cfc414fbb4a65f7a0fbcc2e27f2253581c634c5a","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-34-25-8","next":"us-ri/r.i.-gen.-laws-34-25-10"},"notice":"GroundRules: Original legal text. Not legal advice."}