Rhode IslandH58112025 Regular SessionHouse

AN ACT RELATING TO FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009 .

Sponsored By: Brandon T. Voas (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Real estate agents face dual-pay ban

In Rhode Island, one person cannot receive pay as both a real estate agent and mortgage loan originator in the same transaction. The ban applies when that person performs both roles and receives pay for both. The law takes effect upon passage.

Sponsors & Cosponsors

Sponsor

Brandon T. Voas
Democratic • House

Cosponsors

Julie A. Casimiro
Democratic • House
Katherine S. Kazarian
Democratic • House
William W. O'Brien
Democratic • House
Brandon C. Potter
Democratic • House
Joseph J. Solomon, Jr.
Democratic • House
Jennifer A. Stewart
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 65 • No: 2

House vote • 4/10/2025

MORTGAGE LICENSING ACT 2009 PASSAGE