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 restrict Rhode Island mortgage prepayment rules to only apply to owner-occupied properties with one to four dwelling units. This narrows the scope of prepayment protections, exempting investor-owned properties and larger multifamily units from prepayment restrictions. Lenders, servicers, and brokers originating or servicing mortgages in Rhode Island would need to adjust their compliance practices accordingly.
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 restrict Rhode Island mortgage prepayment rules to only apply to owner-occupied properties with one to four dwelling units.…
- When was it published?
- It was published on February 27, 2026.
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