Rhode Island § 34-27-3 § 34-27-3. Discharge of purchaser at sale by payments to mortgagee.

Rhode Island Statutes

§ 34-27-3 — § 34-27-3. Discharge of purchaser at sale by payments to mortgagee.

Rhode Island § 34-27-3

Title 34Property

Ch. 34-27Mortgage Foreclosure and Sale

This text of Rhode Island § 34-27-3 (§ 34-27-3. Discharge of purchaser at sale by payments to mortgagee.) 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 § 34-27-3 (2026).

Text

§ 34-27-3. Discharge of purchaser at sale by payments to mortgagee.
The receipt in writing of a mortgagee shall be a sufficient discharge for any money
            accruing from sales made under the powers of sale conferred by his or her mortgage;
            and a person paying it to the mortgagee shall not be obliged to inquire whether any
            money remains due under the mortgage, or to see as to the application of such proceeds
            in case of sale.
         

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§ 34-27-3. Discharge of purchaser at sale by payments to mortgagee.

The receipt in writing of a mortgagee shall be a sufficient discharge for any money accruing from sales made under the powers of sale conferred by his or her mortgage; and a person paying it to the mortgagee shall not be obliged to inquire whether any money remains due under the mortgage, or to see as to the application of such proceeds in case of sale.