All monthly billing by mortgagees to mortgagors must show the allocation of the mortgagor’s prior monthly payment to principal, interest, and escrow, if applicable.
R.I. Gen. Laws § 19-9-2.1
Mortgage billing — Payment allocation
P.L. 2006, ch. 636, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.