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Financial Services Law Insights and Observations

Rhode Island regulator extends guidance for lenders

State Issues Covid-19 Rhode Island Mortgages Mortgage Origination Lending Broker-Dealer

State Issues

On April 28, the Rhode Island Department of Business Regulation, Banking Division, amended previous guidance (previously covered here) issued to mortgage loan originators, lenders, loan brokers and exempt company registrants. The previous guidance permitted working at home, even if the home is located outside of Rhode Island or is not a licensed branch. The department extended this guidance until June 30, 2020.