2012 -- H 7657

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LC01696

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO PROPERTY - POST FORECLOSURE EVICTION OF RESIDENTIAL

TENANTS

     Introduced By: Representatives Ucci, Martin, Carnevale, Medina, and Jacquard

     Date Introduced: February 16, 2012

     Referred To: House Judiciary

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 34-18 of the General Laws entitled "Residential Landlord and

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Tenant Act" is hereby amended by adding thereto the following section:

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     34-18-38.1. Eviction of residential tenants of foreclosed property. – A foreclosing

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mortgagee that acquires title to residential real estate pursuant to a foreclosure sale conducted in

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accordance with chapter 34-27 of the general laws shall not be permitted to evict any tenants

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residing in the property at the time of the foreclosure sale for a period of sixty (60) days

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thereafter; provided, that said tenant pays any and all rent due during said period to the mortgagee

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or his/her designee.

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     SECTION 2. This act shall take effect upon passage.

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LC01696

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO PROPERTY - POST FORECLOSURE EVICTION OF RESIDENTIAL

TENANTS

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     This act would prohibit mortgagees that acquire residential real estate at a foreclosure

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sale that they conduct from evicting tenants residing there solely as a result of the foreclosure

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sale. This act would also allow the tenant to stay for a period of sixty (60) days thereafter;

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provided, the tenant pays any and all rent due to the mortgagee.

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     This act would take effect upon passage.

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LC01696

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