Bayview Loan Servicing, LLC v. Providence Business Loan Fund, Inc., f/k/a Providence Economic Development Corporation

Chief Justice Suttell, for the Court.

This case involves a question of statutory interpretation of the ancient mortgages statute, G.L. 1956 § 34-26-7. The defendant, Providence Business Loan Fund, Inc. (PBLF or defendant), appeals from a Superior Court judgment in favor of the plaintiff, Bayview Loan Servicing, LLC (Bayview or plaintiff), following the grant of the plaintiff's motion for summary judgment. The defendant argues that the hearing justice erred in granting the plaintiff's motion for summary judgment because, by statute, the defendant holds a valid mortgage on the property on which…