{"data":{"id":"us-ri/r.i.-gen.-laws-34-25.1-15","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 34-25.1-15","heading":"Property held in name or trust.","body":"It is the intention of chapter 34-25.1 that the cash advances made under a reverse mortgage shall be made by the lender to the mortgagor. In the event that legal title to the property encumbered by a reverse mortgage is held in trust:\n(1) The reverse mortgage proceeds may be received by the occupant of the property provided that the occupant is a beneficiary of the trust;\n(2) References in subdivision 34-25.1-7(a)(5) to the mortgagor shall be deemed to refer to the occupant of the property provided that the occupant is a beneficiary of the trust;\n(3) References in subdivision 34-25.1-7(s)(6) to absences from the home shall be deemed to refer to the occupant of the property provided that the occupant is a beneficiary of the trust.","path":["Title 34 Property","Chapter 25.1 Reverse Mortgages"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE34/34-25.1/34-25.1-15.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:47Z","sha256":"96be995ac100a940d494351eb722f2f9cba80513a4978be6fe4660e447b70527","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-34-25.1-14","next":"us-ri/r.i.-gen.-laws-34-25.1-16"},"notice":"GroundRules: Original legal text. Not legal advice."}