The bill amends Section 34-27-4 of the General Laws concerning mortgage foreclosure and sale, specifically addressing the publication of sale notices and the rights of active military servicemembers. It modifies the method of notifying mortgagors about the sale, changing the requirement from being mailed via certified mail return receipt requested to being sent through United States Postal Service First Class Mail and/or an overnight delivery service.

Additionally, the bill enhances protections for servicemembers by extending the period during which foreclosure actions cannot proceed after a servicemember's active duty or deployment from nine months to one year. It specifies that if the notice is not received within one year of completion of active duty or deployment, the mortgagee shall be barred from proceeding with the execution of the sale until the one-year period has lapsed or until the mortgagee obtains court approval. The bill outlines the process for servicemembers to notify mortgagees of their status and the legal implications of proceeding with foreclosure during this protected period. This act will take effect upon passage.

Statutes affected:
7654: 34-27-4
7654  as amended: 34-27-4