state_legiscan_drain · RI
Establishes requirements for capital, liquidity, and corporate governance including: audit, risk management, and board oversight, for nonbank mortgage servicers.
February 27, 2026
Summary
If enacted, this bill would impose new capital, liquidity, and corporate governance requirements on nonbank mortgage servicers in Rhode Island. It mandates audit, risk management, and board oversight standards to ensure financial stability and consumer protection.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://status.rilegislature.gov/
Common questions
- What does "Establishes requirements for capital, liquidity, and corporate governance including: audit, risk management, and board oversight, for nonbank mortgage servicers." cover?
- If enacted, this bill would impose new capital, liquidity, and corporate governance requirements on nonbank mortgage servicers in Rhode Island. It…
- When was it published?
- It was published on February 27, 2026.
Related updates
- Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.
- Ocwen Financial Corp. order issued by the Division of Banking and find answers to frequently asked questions. (order)
- Agreed Order
- Lakeview Loan Servicing, LLC, Pingora Loan Servicing, LLC, Community Loan Servicing, LLC, and Bayview Asset Management, LLC Multistate Settlement Agreement and Consent Order issued by the Division of Banking
- Mortgagee Letter 2026-06: Increase in the Maximum Number of Draw Requests for Limited 203(k) Rehabilitation Mortgage Insurance Program
- Mortgagee Letter 2026-03: Updates to Bidding at Foreclosure and Post-Foreclosure Sales Efforts