AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES

Summary

The bill amends Section 19‑14‑1 of the state’s General Laws to add or update dozens of definitions used throughout the financial‑institution licensing chapters. It applies to any person or company that holds a license under those chapters – banks, check‑cashing services, mortgage servicers, lenders, loan brokers, insurance‑premium financiers, and similar businesses. By defining these terms more precisely, the law aims to improve regulatory consistency and enforcement.

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