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Rhode Island General Laws Title 34. Property § 34-25.2-9. Subterfuge prohibited

Current as of January 01, 2024 | Updated by Findlaw Staff

It shall be a violation of this chapter for any person to attempt in bad faith to avoid the application of this chapter by:

(1) Dividing any loan transaction into separate parts for the purpose of evading the provisions of this chapter;

(2) Structuring a home loan transaction as an open-end loan for the purpose of evading the provisions of this chapter when the loan would have been a high-cost home loan if the loan had been structured as a closed-end loan;

(3) Engaging in any other subterfuge with the intent of evading any provision of this chapter.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 34. Property § 34-25.2-9. Subterfuge prohibited - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-34-property/ri-gen-laws-sect-34-25-2-9/

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