AN ACT RELATING TO FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009
Summary
Prohibits an individual who is licensed as both a Rhode Island real estate agent and mortgage loan originator to be compensated for both the sale of the property and the origination or referral of the loan in securing the property.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Jun 2025
House Passage
Apr 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Feb 28, 2025
Signed Jun 24, 2025
Floor votes · House Apr 10, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
14
Key actions
5
Committee
4
Jun 24, 2025
Signed into law
06/24/2025 Signed by Governor
executive
Jun 18, 2025
Upper · Passed
06/18/2025 Senate passed in concurrence
upper
Jun 2, 2025
Legislature · Passed
06/02/2025 Committee recommends passage in concurrence
legislature
May 2, 2025
Committee
05/02/2025 Referred to Senate Commerce
upper
Apr 10, 2025
Lower · Passed
04/10/2025 House read and passed
lower
Mar 25, 2025
Legislature · Passed
03/25/2025 Committee recommends passage
legislature
Mar 13, 2025
Committee
03/13/2025 Committee recommended measure be held for further study
legislature
Feb 28, 2025
Introduced
02/28/2025 Introduced, referred to House Corporations
lower
7 primary · 0 co-sponsors
Sponsors
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