# Rhode Island S3075: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES . Rhode Island S3075, AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES ., is a 2026 Regular Session Senate bill sponsored by Robert Britto (Democratic); status signed, last action 2026-06-23 (Signed by Governor — Chapter 417) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/RI-S3075-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Rhode Island S3075 - State: Rhode Island - Session: 2026 Regular Session - Title: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES . - Status: signed - Chamber: Senate - Introduced: 2026-03-13 - Last action: 2026-06-23, Signed by Governor — Chapter 417 - Sponsor: Robert Britto (Democratic) - Cosponsors: 3 - Touches household money: no - Roll calls: 2 (105 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Stronger rules for large mortgage servicers: cost, low. The law sets stronger capital, liquidity, governance, audit, and risk rules for large nonbank mortgage servicers. It applies to covered servicers that handle 2,000 or more one-to-four unit loans and operate in two or more states. Servicers must keep required capital and liquid assets, follow GAAP,… - Regulator can tighten or ease servicer rules: mixed, low. The director can make rules to run this chapter. After a formal review, the director can order extra safeguards for servicers found extremely high risk. For servicers found extremely low risk, the director can say some or all financial and governance rules do not apply. During severe economic, envi… - Updated definitions for loans and servicing: mixed, low. The law updates key terms that decide who is covered by mortgage-servicing and loan rules. It defines principal owner as 10% or more and sets small loan as under $5,000. It clarifies roles like sub-servicer and whole loans. These definitions apply now and expire January 1, 2027. ## Sponsors and cosponsors - Sponsor: Robert Britto (Democratic), Senate - Cosponsor: Jacob Bissaillon (Democratic), Senate - Cosponsor: John P. Burke (Democratic), Senate - Cosponsor: Lori Urso (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-06-08 | House | FIN INST.-LICENSED ACTIVITIES PASSAGE IN CONCURRENCE | pass | 69 | 0 | | | 2026-05-05 | Senate | RELATING TO FINANCIAL INSTITUTIONS-LICENSED ACTIVITIES Passage | pass | 36 | 0 | | ## Actions (14) - 2026-06-23: Signed by Governor — Chapter 417 (Governor) - 2026-06-18: Transmitted to Governor (Governor) - 2026-06-08: House passed in concurrence (House) - 2026-06-05: Placed on the House Consent Calendar (06/08/2026) (House) - 2026-06-02: Committee recommends passage in concurrence - 2026-05-29: Scheduled for consideration (06/02/2026) - 2026-05-06: Referred to House Corporations (House) - 2026-05-05: Senate read and passed (Senate) - 2026-04-29: Placed on Senate Calendar (05/05/2026) (Senate) - 2026-04-28: Committee recommends passage - 2026-04-24: Scheduled for consideration (04/28/2026) - 2026-04-14: Committee recommended measure be held for further study - 2026-04-10: Scheduled for hearing and/or consideration (04/14/2026) - 2026-03-13: Introduced, referred to Senate Commerce (Senate) ## Bill text - S3075 - As Introduced, 2026-03-13: [HTML](https://webserver.rilegislature.gov/BillText26/SenateText26/S3075.htm), [PDF](https://webserver.rilegislature.gov/BillText26/SenateText26/S3075.pdf) ## Related bills - S3073: AN ACT RELATING TO PROPERTY -- MORTGAGES OF REAL PROPERTY . (became law) - S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRICT COURT PRACTICE . (became law) - H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS . (became law) - H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law) - H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY . (became law) - H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN . (became law) ## Sources - [S3075 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/SenateText26/S3075.htm) - [S3075 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/SenateText26/S3075.pdf) ## Related - [S3073: AN ACT RELATING TO PROPERTY -- MORTGAGES OF REAL PROPERTY .](https://policyrisk.com/state-bill/RI-S3073-2026) - [S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRIC…](https://policyrisk.com/state-bill/RI-S3047-2026) - [H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS .](https://policyrisk.com/state-bill/RI-H8605-2026) - [H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-H8580-2026) - [H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY .](https://policyrisk.com/state-bill/RI-H8586-2026) - [H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN .](https://policyrisk.com/state-bill/RI-H8506-2026) - [Rhode Island bills](https://policyrisk.com/states/rhode-island/bills) - [Rhode Island state hub](https://policyrisk.com/states/rhode-island) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/RI-S3075-2026 (as of 2026-11-01).