(e) A foreclosing owner may evict any person other than a tenant by following the procedures
for terminating a month-to-month tenancy set forth in § 34-18-37.
(f) If a foreclosing owner disagrees with the amount of rent paid by the tenant to the
foreclosing owner, the foreclosing owner may bring a claim in district court to claim
that the rental charge is unreasonable and set a new rental rate. A bona fide lease
or bona fide tenancy between the foreclosed-upon owner and the lessee, or proof of
rental payment to the foreclosed-upon owner, shall be presumed to be a reasonable
rental rate.
(g) Nothing herein shall be deemed to limit the right of any tenant to knowingly waive
the provisions of this section for consideration acceptable to such tenant.
(h) Notwithstanding any other provisions of this section, a foreclosing owner shall be
exempt from the requirement of this section if:
(1) The foreclosing owner is headquartered in Rhode Island and maintains a physical office
or offices in Rhode Island from which office or offices it carries out full-service
mortgage operations, including the acceptance and processing of mortgage payments
and the provision of local customer service and loss mitigation, and where Rhode Island
staff have the authority to approve loan restructuring and other loss mitigation strategies;
or
(2) The foreclosing owner conducted fewer than fifteen (15) foreclosures in Rhode Island
during the prior calendar year, excluding any conveyances of property by a deed in
lieu of foreclosure.
History of Section.
P.L. 2014, ch. 486, § 2; P.L. 2014, ch. 513, § 2.