§ 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 real estate mortgage deed or real estate mortgage instrument entitled, “Open-end mortgage to secure present and future loans under chapter 25 of title 34”, and which includes in its provisions the terms and elements set forth in § 34-25-9; but this chapter shall not apply to nor affect, directly, indirectly or by implication, any mortgage made before June 1, 1983, and shall not apply to nor affect, directly, indirectly, or by implication, any mortgage thereafter made, whether or not it provides for future loans, unless it complies with the requirements 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.
History of Section.P.L. 1983, ch. 230, § 1.
Structure Rhode Island General Laws
Chapter 34-25 - Future Loans and After-Acquired Property
Section 34-25-2. - Priority of future loan mortgages over encumbrances not previously recorded.
Section 34-25-3. - Priority of attachment, execution, or lis pendens over subsequent loans.
Section 34-25-4. - Relinquishment of security as to additional loans — Stipulation as to amount due.
Section 34-25-5. - Mortgages to which §§ 34-25-1 — 34-25-5 apply.
Section 34-25-6. - Mortgagees authorized to take future loan mortgages.
Section 34-25-7. - Application of mortgages to after-acquired property of public utilities.
Section 34-25-8. - Open-end mortgages.
Section 34-25-9. - Form of open-end mortgage.
Section 34-25-10. - Priority of open-end mortgages over encumbrances not previously recorded.
Section 34-25-12. - Discharge of open-end mortgage.
Section 34-25-13. - Mortgages to which §§ 34-25-8 — 34-25-14 apply.
Section 34-25-14. - Mortgagees authorized to take open-end mortgages.