R.I. Gen. Laws § 7-6.1-13
Current through 2024 Public Law 44
Any financial institution organized, incorporated, chartered, or licensed to conduct business under the laws of the state of Rhode Island shall be authorized to make loans secured by a pledge of a proprietary lease and the appurtenant stock of a cooperative housing corporation upon the same terms and with the same limitations as loans secured by mortgages of real property.
R.I. Gen. Laws § 7-6.1-13