RI H5811 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on February 28 2025 - 25% progression
Action: 2025-02-28 - Introduced, referred to House Corporations
Pending: House Corporations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 28 2025 - 25% progression
Action: 2025-02-28 - Introduced, referred to House Corporations
Pending: House Corporations Committee
Text: Latest bill text (Introduced) [PDF]
Summary
FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009 - Prohibits an individual who is licensed as both a Rhode Island real estate agent and mortgage loan originator to be compensated for both the sale of the property and the origination or referral of the loan in securing the property.
Title
Prohibits an individual who is licensed as both a Rhode Island real estate agent and mortgage loan originator to be compensated for both the sale of the property and the origination or referral of the loan in securing the property.
Sponsors
| Rep. Brandon Voas [D] | Rep. Jennifer Stewart [D] | Rep. Katherine Kazarian [D] | Rep. Julie Casimiro [D] |
| Rep. Joseph Solomon [D] | Rep. William O'Brien [D] | Rep. Brandon Potter [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-28 | House | Introduced, referred to House Corporations |
Subjects
Financial Institutions
FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009
FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText25/HouseText25/H5811.pdf |
