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.
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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 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.
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