{"data":{"id":"us-ri/r.i.-gen.-laws-34-36.1-4.10","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 34-36.1-4.10","heading":"Escrow of deposits.","body":"Any deposit made in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement pursuant to § 34-36.1-4.02(c) shall be placed in escrow and held either in this state or in the state where the unit is located in an account designated solely for that purpose by a licensed title insurance company, an attorney, a licensed real estate broker, an independent bonded escrow company, or any financial institution whose deposits are insured until:\n(1) Delivered to the declarant at closing;\n(2) Delivered to the declarant because of purchaser’s default under a contract to purchase the unit; or\n(3) Refunded to the purchaser.","path":["Title 34 Property","Chapter 36.1 Condominium Law","Article IV Protection of Condominium Purchasers"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE34/34-36.1/34-IV/34-36.1-4.10.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:51Z","sha256":"c83e96bd42080145724917a3ab0dd52765989b2e4567eb3e0fd24f7a7474a090","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-34-36.1-4.09","next":"us-ri/r.i.-gen.-laws-34-36.1-4.11"},"notice":"GroundRules: Original legal text. Not legal advice."}