Caprios works to better protect renters
Rhode Island General Treasurer Frank Caprio is pushing for a new law to better inform and protect renters facing eviction when their
building is foreclosed upon.
From today’s ProJo:
The legislation would require lenders to inform renters of “pending foreclosures” and notify them, in writing, at least 60 days prior to eviction.
There is currently no requirement in state law that tenants be notified before a foreclosure; the law states only that tenants are given “reasonable notice” prior to being evicted. What is deemed “reasonable,” lawyers say, can range from as little as three days to 30 days or longer.
The legislation, which is being drafted, Caprio said, “will provide basic protections to those who have done nothing wrong and are simply trying to find a decent place to live.”