ProJo: R.I. Senate OKs extending foreclosure protections for 5 years

PROVIDENCE, R.I. — With a vote of 31 to 0, the state Senate passed a bill Wednesday that would extend for another five years a law requiring banks to mediate with homeowners before starting a foreclosure.

The state's Foreclosure Mediation Act, passed in 2013, is set to expire July 1.

The law requires lenders to give homeowners the option of meeting with their lender and an independent mediator from Rhode Island Housing to attempt to work out a solution and avoid foreclosure.

To view the complete article, visit Providence Journal

Courtesy of Providence Journal

Back to Top
Contact Us

Email Us
Newsletter Sign Up


One Empire Plaza
Providence, RI 02903

RI Alliance for Healthy Homes

A project of
HousingWorks RI