(i) Held or owned a mortgage or other security interest in the housing accommodation at
any point prior to the foreclosure of the housing accommodation or is the subsidiary,
parent, trustee, or agent thereof; or
(ii) Is an institutional mortgagee that acquires or holds title to the housing accommodation
within three (3) years of the filing of a foreclosure deed on the housing accommodation;
or
(iii) Is the federal national mortgage association or the federal home loan mortgage corporation.
(5) “Foreclosure” means an action to terminate a mortgagor’s interest in property by sale
of property pursuant to a power of sale in a mortgage, as described in § 34-11-22; or conveyance of the property by the mortgagor in lieu of foreclosure; or an action
filed in court pursuant to § 34-27-1.
(6) “Housing accommodation” means a building or structure containing four (4) or fewer
dwelling units, or part thereof of land appurtenant thereto, and any other real or
personal property used, rented, or offered for rent for living or dwelling purposes,
together with all services connected with the use or occupancy of such property.
(7) “HUD” means the United States Department of Housing and Urban Development and any
successor to such department.
(8) “Institutional mortgagee” means an entity, or an entity that is the subsidiary, parent,
trustee to such entity, that holds or owns mortgages or other security interests in
three (3) or more housing accommodations or that acts as a mortgage servicer of three
(3) or more mortgages of housing accommodations.
(9) “Just cause” means one of the following: