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Current as of January 01, 2024 | Updated by Findlaw Staff
All mortgagees shall require any person who executes reverse mortgage loan documents as attorney-in-fact for another to deliver at the closing a written, notarized certification as to all of the following: (1) That the power of attorney is then in full force and effect and has not been revoked or otherwise terminated; and (2) That the attorney-in-fact acknowledges his or her fiduciary obligations to the principal pursuant to the power of attorney with respect to the reverse mortgage loan.
Cite this article: FindLaw.com - Rhode Island General Laws Title 34. Property § 34-25.1-13. Attorneys-in-fact--Guardians - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-34-property/ri-gen-laws-sect-34-25-1-13/
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