SB 3075·RI·senate
AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES
Signed into LawFiled Mar 13, 2026
Sponsor: Bob Britto (D)
Latest Action
Signed by Governor
Jun 23, 2026
Summary
The law adds new rules for covered mortgage servicers – non‑bank entities that service 2,000+ residential loans in multiple states. It sets capital and liquidity thresholds, mandates board oversight, internal and external audits, and a formal risk‑management program. The goal is to protect borrowers and ensure the safety of the state’s mortgage‑servicing market.
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