{"data":{"id":"us-ri/r.i.-gen.-laws-5-79-4","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 5-79-4","heading":"Violations.","body":"It is a violation for a foreclosure consultant to:\n(1) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented he or she would perform;\n(2) Claim, demand, charge, collect, or receive any fee, interest, or any other compensation for any reason that exceeds eight percent (8%) per annum of the amount of any loan that the foreclosure consultant may make to the owner;\n(3) Take any wage assignment, any lien on any type of real or personal property, or other security to secure the payment of compensation. Any such security is void and unenforceable;\n(4) Receive any consideration from any third-party in connection with services rendered to an owner unless the consideration is first fully disclosed to the owner;\n(5) Acquire any interest, directly or indirectly, or by means of a subsidiary or affiliate, in a residence in foreclosure from an owner with whom the foreclosure consultant has contracted;\n(6) Take any power of attorney from an owner for any purpose, except to inspect documents as provided by law; or\n(7) Induce or attempt to induce any owner to enter a contract that does not comply in all respects with § 5-79-3.","path":["Title 5 Businesses and Professions","Chapter 79 Mortgage Foreclosure Consultant Regulation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE5/5-79/5-79-4.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T16:38:44Z","sha256":"a6acfb46345c47677b9d24b079718f4707434a829c855ac4ac4750fe7da93aa5","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-5-79-3","next":"us-ri/r.i.-gen.-laws-5-79-5"},"notice":"GroundRules: Original legal text. Not legal advice."}