Rhode Island Statutory Assignment of Mortgage

County Specific Legal Forms Validated as recently as April 23, 2026 by our Forms Development Team

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About the Rhode Island Statutory Assignment of Mortgage

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How to Use This Form

Select your county from the list on the left
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

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Use this form to transfer an existing mortgage. This is commonly executed when a mortgage is sold/transferred. This is a recordable Rhode Island (statutory form) and (may be altered as circumstances require). [The statutory forms referred to in R.I. 34-11-11 are as follows:

ASSIGNMENT OF MORTGAGE
Holder of a mortgage by
to
dated
recorded in the records of deeds in
in book no., / at page,
for consideration paid, assign the mortgage and the note and claim secured thereby
to
Witness hand this day of (Here add
acknowledgment.)] (R.I Statute 34-11-11). [RI Statute 34-11-12(6)]

(6) ASSIGNMENT OF MORTGAGE.
34-11-24. Effect of assignment of mortgage. An assignment of mortgage substantially following the form entitled "Assignment of Mortgage" shall, when duly executed, have the force and effect of granting, bargaining, transferring and making over to the assignee, his or her heirs, executors, administrators, and assigns, the mortgage deed with the note and debt thereby secured, and all the right, title and interest of the mortgagee by virtue thereof in and to the estate described therein, to have and to hold the mortgage deed with the privileges and appurtenances thereof to the assignee, his or her heirs, executors, administrators and assigns in as ample manner as the assignor then holds the same, thereby substituting and appointing the assignee and his or her heirs, executors, administrators and assigns as the attorney or attorneys irrevocable of the mortgagor under and with all the powers in the mortgage deed granted and contained.

Current Borrowers must be notified of the assignment. Notification consists of contact information of the new creditor, recording dates, recording instrument numbers, changes in loan, etc. Included are "Notice of Assignment of Mortgage" forms.

The Truth and lending act requires that borrowers be notified when their Mortgage has been sold, transferred, or assigned to a new creditor. Generally, within 30 days to avoid up to $2,000.00 in statutory damages, plus reasonable attorney's fees. Systematic violations can reach up $500,000.00.

(Rhode Island AOM Package includes form, guidelines, and completed example) For use in Rhode Island only.

How to Use This Form

Select your county from the list above
Download the county-specific form
Fill in the required information
Have the document notarized if required
Record with your county recorder's office

What Others Like You Are Saying

— Gregory G.

"Quick and Easy/Immediate Access after payment. Now seeking other forms needed ASAP! Thanks!"

— Darius M.

"I receive the specific legal forms that I needed as well as a guide on how to fill out the form. Ver…"

— David M.

"Best $20 ever spent. I'm a bit of an idiot with these things, thankfully there are professionals who…"

— MARC G.

"Very easy. Very helpful."

— Deborah V.

"Helpful and informative."

Common Uses for Statutory Assignment of Mortgage

Assign a mortgage to a new lender or loan servicer
Assign a deed of trust as part of a loan portfolio sale
Transfer a deed of trust to a new holder
Document a lender's collateral interest in rental income
Document the sale of a mortgage on the secondary market
Release an assignment of rents back to the property owner
Transfer loan servicing rights to a new company

Compare other Rhode Island deed forms and documents

Quitclaim Deed Gift Deed Warranty Deed Special Warranty Deed Grant Deed Correction Deed Mortgage Security Agreement and Promissory Note Discharge of Mortgage Purchase and Sale Agreement Memorandum of Purchase and Sales Agreement Full Release of Memorandum of Purchase and Sales Agreement Easement Deed Termination of Easement Notice of Lis Pendens - R.I. General Laws 9-4-9 Notice of Release of Lis Pendens Trustee Deed Administrator Deed Executor Deed Memorandum of Trust Disclaimer of Interest

Important: County-Specific Forms

Our statutory assignment of mortgage forms are specifically formatted for each county in Rhode Island.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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