- Rhode Island regulates mortgage foreclosure consulting under Chapter 79 RI §5-79 et seq (see http://www.rilin.state.ri.us/Statutes/TITLE5/5-79/INDEX.HTM)
- The State:
- Provides for cancellation within 3 business days
- Requires the contract to be in writing with full disclosure of rights, prohibitions, terms and compensation and cancellation notices in statutory format;
- Prohibits up front fees, Prohibits taking security for compensation; prohibits any interest in foreclosure property; prohibits any consideration from any interested 3rd party; Prohibits power of
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