Rhode Island § 34-25.2-9 § 34-25.2-9. Subterfuge prohibited.

Rhode Island Statutes

§ 34-25.2-9 — § 34-25.2-9. Subterfuge prohibited.

Rhode Island § 34-25.2-9

Title 34Property

Ch. 34-25.2Rhode Island Home Loan Protection Act

This text of Rhode Island § 34-25.2-9 (§ 34-25.2-9. Subterfuge prohibited.) 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 § 34-25.2-9 (2026).

Text

§ 34-25.2-9. Subterfuge prohibited.
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 

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§ 34-25.2-9. Subterfuge prohibited.

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.