The bill amends Section 34-23-5 of the General Laws in Chapter 34-23, which pertains to mortgages of real property in Rhode Island. It introduces new provisions regarding the prepayment of mortgage loans, specifically stating that the limitations under this section shall only apply to mortgage loans made for real estate containing owner-occupied dwelling houses of not more than four dwelling units. This change aims to clarify the scope of the prepayment provisions. The act will take effect upon passage.

Statutes affected:
8104: 34-23-5