Rhode Island Statutory Assignment of Mortgage
County Specific Legal Forms Validated as recently as May 5, 2026 by our Forms Development Team
About the Rhode Island Statutory Assignment of Mortgage
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
"Needed a Limited Power of Attorney form for a real estate transaction in another state. Proper form …"
"Quick results with accurate information and thorough information."
"Very easy to navigate."
"EZ to use program....was able to print all forms ordered. I expect to go back to to use recording ab…"
"I'm very pleased with the service provided by Deeds.com. After a format issue caused my scanner, it …"
Common Uses for Statutory Assignment of Mortgage
- Assign a deed of trust as part of a loan portfolio sale
- Assign a mortgage to a new lender or loan servicer
- Document the sale of a mortgage on the secondary market
- Transfer a deed of trust to a new holder
Compare other Rhode Island deed forms and documents
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.