§ 34-27-3. Discharge of purchaser at sale by payments to mortgagee.
The receipt in writing of a mortgagee shall be a sufficient discharge for any money accruing from sales made under the powers of sale conferred by his or her mortgage; and a person paying it to the mortgagee shall not be obliged to inquire whether any money remains due under the mortgage, or to see as to the application of such proceeds in case of sale.
History of Section.G.L. 1896, ch. 207, § 17; G.L. 1909, ch. 258, § 17; G.L. 1923, ch. 302, § 17; G.L. 1938, ch. 442, § 17; G.L. 1956, § 34-27-3.
Structure Rhode Island General Laws
Chapter 34-27 - Mortgage Foreclosure and Sale
Section 34-27-1. - Complaint to foreclose.
Section 34-27-1.1. - [Transferred.]
Section 34-27-2. - Right of mortgagee to bid at sale.
Section 34-27-3. - Discharge of purchaser at sale by payments to mortgagee.
Section 34-27-3.1. - Repealed.
Section 34-27-3.2. - Mediation conference.
Section 34-27-5. - Mortgage foreclosure advertisement.
Section 34-27-6. - Payment of outstanding taxes.
Section 34-27-7. - Notice to tenants of foreclosure sale.
Section 34-27-8. - Requirement of affidavit from certain tax-exempt entities.