Rhode Island § 34-23-2 § 34-23-2. Redemption right of mortgagor or vendor with defeasance.

Rhode Island Statutes

§ 34-23-2 — § 34-23-2. Redemption right of mortgagor or vendor with defeasance.

Rhode Island § 34-23-2

Title 34Property

Ch. 34-23Mortgages of Real Property

This text of Rhode Island § 34-23-2 (§ 34-23-2. Redemption right of mortgagor or vendor with defeasance.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 34-23-2 (2026).

Text

§ 34-23-2. Redemption right of mortgagor or vendor with defeasance.
All real estates, conveyed or pledged by mortgage or deed of bargain and sale with
            defeasance, shall be redeemable by the mortgagor or vendor, his or her heirs, executors,
            administrators, successors, or assigns, on paying the money borrowed thereon, with
            interest, or by performing the condition on which the real estate was conveyed or
            mortgaged, deducting the rents and profits which the mortgagee, or any under him or
            her, may have received over and above the taxes and assessments paid out, and suitable
            repairs and insurance made by him, her, or them, and all other necessary expenses

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§ 34-23-2. Redemption right of mortgagor or vendor with defeasance.

All real estates, conveyed or pledged by mortgage or deed of bargain and sale with defeasance, shall be redeemable by the mortgagor or vendor, his or her heirs, executors, administrators, successors, or assigns, on paying the money borrowed thereon, with interest, or by performing the condition on which the real estate was conveyed or mortgaged, deducting the rents and profits which the mortgagee, or any under him or her, may have received over and above the taxes and assessments paid out, and suitable repairs and insurance made by him, her, or them, and all other necessary expenses in the care and management of the premises.