Finance
Rhode Island also permits 'power of sale' foreclosure. What does this require?
AA court order from the Superior Court
BA specific power-of-sale clause in the mortgage document authorizing non-judicial foreclosure✓ Correct
CApproval from the Rhode Island DBR
DThe borrower's written consent at the time of default
Explanation
Power-of-sale foreclosure in Rhode Island is permitted when the mortgage deed contains a specific clause authorizing the lender to sell the property upon default without going to court. This process is faster than judicial foreclosure.
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