state_legiscan_drain · RI
Limits mortgage prepayment rules to mortgages on owner-occupied properties with one to four dwelling units.
March 13, 2026
Summary
If enacted, this bill would restrict mortgage prepayment rule protections to only mortgages secured by owner-occupied properties with one to four dwelling units, narrowing the scope of current prepayment regulations. Lenders, servicers, and banks would need to adjust their policies to ensure prepayment terms and disclosures are applied only to qualifying owner-occupied loans.
AI-generated summary · Jun 28, 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 "Limits mortgage prepayment rules to mortgages on owner-occupied properties with one to four dwelling units." cover?
- If enacted, this bill would restrict mortgage prepayment rule protections to only mortgages secured by owner-occupied properties with one to four dwelling…
- When was it published?
- It was published on March 13, 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