Form 5 Consumer Caution and Home Ownership Counseling Notice and Certification - Rhode Island

What Is Form 5?

This is a legal form that was released by the Rhode Island Department of Business Regulation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 5 Consumer Caution and Home Ownership Counseling Notice and Certification?A: Form 5 is a document used in Rhode Island to provide consumer caution and home ownership counseling notice and certification.

Q: Who needs to fill out Form 5?A: Form 5 needs to be filled out by individuals who are seeking home ownership counseling and assistance in Rhode Island.

Q: What is the purpose of Form 5?A: The purpose of Form 5 is to inform individuals about the availability of home ownership counseling services and to certify that the individual has received this notice.

Q: Do I need to pay to obtain Form 5?A: No, Form 5 is available free of charge.

Q: What should I do after filling out Form 5?A: After filling out Form 5, you should keep a copy for your records and provide a copy to the counseling agency you are working with.

Q: What happens after I submit Form 5?A: Once you submit Form 5, the counseling agency will provide you with the required counseling services and assistance.

Q: Is home ownership counseling mandatory in Rhode Island?A: Home ownership counseling is not mandatory in Rhode Island, but it is strongly recommended for individuals who are purchasing a home for the first time or who may benefit from professional guidance.

Q: Can I choose any counseling agency to work with?A: You can choose any counseling agency that is approved by the Rhode Island Housing Resources Commission.

Q: Is the information provided on Form 5 confidential?A: Yes, the information provided on Form 5 is confidential and will only be shared with the counseling agency and other authorized parties as required by law.