Tag Archive: "Rhode Island"
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Rhode Island Amends Banking Regulation 6
By Marlana Melendez, J.D. The Department of Business Regulation adopts the following amendment to Banking Regulation 6. The amendment applies to Lenders, Loan Brokers, and Small loan lenders as defined by the Rhode Island General Laws. Additionally, this amendment adds provisions regarding net branching, insurance claim check agents, mortgage loan originators, financial responsibility and criminal […]
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Rhode Island Adopts Rule Regarding Privacy of Consumer Financial Information
by: Amanda NicholsonRhode Island has recently adopted new rules and regulations pertaining to the privacy of consumer financial information. This regulation governs the treatment of all nonpublic financial information about individuals, claimants and beneficiaries of products or services by all insurance licensees of the Rhode Island Department of Business Regulation. It does not apply to […]
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Rhode Island Amends Homestead, Property Transfers and Transfer Fee Laws
by Nathan Walker Esq. Associate Counsel The Rhode Island Legislature recently amended provisions regarding the homestead estate exemption, transfers of property to a revocable living trust, and transfer fees on the sale of real property. These changes are effective immediately. The Homestead Estate Exemption The homestead estate exemption granted by Rhode Island General Law 9-26-4.1, which prohibits […]