state_legiscan_drain · RI
Limits mortgage prepayment rules to mortgages on owner-occupied properties with one to four (4) dwelling units.
February 27, 2026
Summary
If enacted, this bill would limit the applicability of Rhode Island's mortgage prepayment rules to loans secured by owner-occupied properties with one to four dwelling units. For non-owner-occupied or larger properties, prepayment restrictions would no longer apply, potentially allowing lenders greater flexibility in setting prepayment terms. This change primarily affects mortgage lenders, servicers, and borrowers in Rhode Island.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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Source: https://status.rilegislature.gov/
Common questions
- What does "Limits mortgage prepayment rules to mortgages on owner-occupied properties with one to four (4) dwelling units." cover?
- If enacted, this bill would limit the applicability of Rhode Island's mortgage prepayment rules to loans secured by owner-occupied properties with one to…
- When was it published?
- It was published on February 27, 2026.
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