state_legiscan_drain · RI
Establishes requirements for capital, liquidity, and corporate governance including: audit, risk management, and board oversight, for nonbank mortgage servicers.
March 13, 2026
Summary
If enacted, this bill would establish capital, liquidity, and corporate governance requirements for nonbank mortgage servicers in Rhode Island, including mandates for audits, risk management, and board oversight. The aim is to ensure financial stability and consumer protection by imposing prudential standards on servicers similar to those for banks.
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 establish capital, liquidity, and corporate governance requirements for nonbank mortgage servicers in Rhode Island, including…
- When was it published?
- It was published on March 13, 2026.
Related updates
- Consent Order Sigue Corporation
- Ultralight FS,. Inc., formerly known as Obopay, Inc., also doing business as Obopay USA
- Agreed Order
- Sigue Corporation Settlement Agreement and Consent Order issued by the Division of Banking
- AMENDED Amerbank LLC/Dolare LLC
- Mortgagee Letter 2026-03: Updates to Bidding at Foreclosure and Post-Foreclosure Sales Efforts