reglab/housing_qa huggingface dataset:
RI Gen L § 19-14.2-14 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.2 - Small Loan Lenders|Section 19-14.2-14 - Penalties.

§ 19-14.2-14. Penalties.(a) Any person or any member, officer, director, agent, or employee of any person, who knowingly violates or participates in the violation of any of the applicable provisions of this chapter, or any regulation promulgated under this chapter, is guilty of a misdemeanor and, upon conviction, shall be punished by a fine of not more than one thousand dollars ($1,000), or imprisoned for not more than one year, or both. Each violation shall constitute a separate offense. Complaints under this chapter may be made by the director, or the director's designee, and he or she shall not be required to give surety for costs. The attorney general shall prosecute all complaints under this chapter.(b) Any contract of loan not invalid for any other reason, in the making or collecting of which any act has been done that constitutes a misdemeanor under this section, shall be voidable, at the discretion of the court, and the small loan lender shall have no right to collect or receive any principal, interest, fees, or charges.History of Section.P.L. 1995, ch. 82, § 54.
RI Gen L § 19-14.2-15 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.2 - Small Loan Lenders|Section 19-14.2-15 - Rules and regulations.

§ 19-14.2-15. Rules and regulations.The director, or the director's designee, may, adopt reasonable rules and regulations for the implementation and administration of the provisions of this chapter.History of Section.P.L. 1995, ch. 82, § 54.
RI Gen L § 19-14.2-16 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.2 - Small Loan Lenders|Section 19-14.2-16 - Severability.

§ 19-14.2-16. Severability.If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid or unconstitutional, the invalidity or unconstitutionality shall not affect other provisions or applications of this chapter that can be given effect without the invalid or unconstitutional provision or application, and to this end the provisions of this chapter are declared to be severable.History of Section.P.L. 1995, ch. 82, § 54.
RI Gen L § 19-14.3-1.2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-1.2 - License by reciprocity.

§ 19-14.3-1.2. License by reciprocity.A person licensed by another state to engage in currency transmission business activity in that state may engage in currency transmission business activity with or on behalf of a resident to the same extent as a licensee if:(1) The department determines that the state in which the person is licensed has in force laws regulating currency transmission business activity that are substantially similar to, or more protective of rights of users than, this chapter and enters into a reciprocity agreement with the other state that the state will allow reciprocal licensing of persons licensed under this chapter.(2) An application under this section is filed with the registry and the applicant shall notify the department in a record that the applicant has submitted the application to the registry and shall submit to the department:(i) A certification of license history from the agency responsible for issuing a license in each state in which the applicant has been licensed to conduct currency transmission business activity;(ii) A nonrefundable reciprocal licensing application fee in the amount required by § 19-14-4;(iii) All other information requested by the department in the application for licensure on the registry.History of Section.P.L. 2019, ch. 226, § 4; P.L. 2019, ch. 246, § 4; P.L. 2020, ch. 79, art. 2, § 11.
RI Gen L § 19-14.3-1.3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-1.3 - Cooperation and data-sharing authority.

§ 19-14.3-1.3. Cooperation and data-sharing authority.(a) The department may cooperate, coordinate, jointly examine, consult, and share records and other information with the appropriate regulatory agency of another state, a self-regulatory organization, federal or state regulator of banking or non-depository providers, or a regulator of a jurisdiction outside the United States, concerning the affairs and conduct of a licensee in this state.(b) The department shall:(1) Establish or participate in, with another state that enacts a law substantially similar to this chapter, a central depository for filings required by law of this state other than this chapter;(2) Cooperate in developing and implementing uniform forms for applications and renewal reports and the conduct of joint administrative proceedings and civil actions;(3) Formulate joint rules, forms, statements of policy, and guidance and interpretative opinions and releases; and(4) Develop common systems and procedures.(c) In deciding whether and how to cooperate, coordinate, jointly examine, consult, or share records and other information under subsection (a) of this section, the department shall consider:(1) Maximizing effectiveness and uniformity of regulation, examination, implementation, and enforcement for the benefit of residents and licensees and registrants; and(2) Minimizing burdens on licensees and registrants without adversely affecting protection for residents.History of Section.P.L. 2019, ch. 226, § 4; P.L. 2019, ch. 246, § 4.
RI Gen L § 19-14.3-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-2 - Securities in lieu of bonds.

§ 19-14.3-2. Securities in lieu of bonds.In lieu of the required surety bond or bonds, or of any portion as required by chapter 14, the applicant may deposit with the director, or the director's designee, with the financial institutions, credit unions, or national banks in this state that the applicant may designate and the director, or the director's designee, may approve, United States government/agency obligation or state obligations, to an aggregate amount, based upon principal amount or market value, whichever is lower, of not less than the amount of the required surety bond. The securities shall be deposited and held to secure the same obligations as would the surety bond, but the licensee shall be entitled to receive all interest and dividends thereon, shall have the right, with the approval of the director, or the director's designee, to substitute other securities for those deposited, and shall be required to substitute securities on the written order of the director, or the director's designee.History of Section.P.L. 1995, ch. 82, § 55.
RI Gen L § 19-14.3-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3 - Liability of licensees.

§ 19-14.3-3. Liability of licensees.Each licensee shall be liable for the payment of all checks or electronic money transfer sold by the licensee in this state, in whatever form and whether directly or through an agent, as the maker or drawer of these according to the negotiable instrument laws of this state; and a licensee who sells a check or electronic money transfer, whether directly or through an agent, upon which the licensee is not designated as maker or drawer shall, nevertheless, have the same liabilities with respect to these as if signed as the maker or drawer of these. Every check or electronic money transfer sold by a licensee, directly or through an agent, shall bear the name of the licensee clearly imprinted on it.History of Section.P.L. 1995, ch. 82, § 55.
RI Gen L § 19-14.3-3.1 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.1 - Record of foreign exchange transactions.

§ 19-14.3-3.1. Record of foreign exchange transactions.Every person carrying on a foreign exchange business or the business of forwarding foreign drafts or of forwarding money or other credits to any country outside of the United States shall make and preserve a record of each transaction. The record shall contain all of the following information: the amount or value of the money or credit forwarded; the bank or depository from which the money or credit is purchased by the person; the date of the purchase; the names and addresses of the persons forwarding the money or credit; and the serial number or other symbol of any of the drafts or credits deposited with the person for forwarding. The record shall be kept in a separate book for that purpose and shall always be open to the inspection of the person who has forwarded any money or credit through the person upon his or her request. This person shall not fail, neglect, or refuse to submit or show the record or prevent a proper person, as defined in this section, to inspect the record.History of Section.P.L. 2001, ch. 129, § 3.
RI Gen L § 19-14.3-3.2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.2 - Forwarding of documents to foreign correspondent - Receipt for money or documents.

§ 19-14.3-3.2. Forwarding of documents to foreign correspondent — Receipt for money or documents.Every person, whether engaged in the foreign exchange brokerage business or not, to whom any money, draft, or credit is delivered to be forwarded to a foreign correspondent, shall forward the credit, accompanied by draft credits, or any documents necessary and essential to carrying out the transaction, immediately after the receipt, sale, deposit, or other transaction by which the money, draft, or credit is delivered to the person for forwarding. That person shall also, upon delivery of any money, draft, or credit to be forwarded to a foreign correspondent, give a receipt, showing what the current rate of exchange of the foreign currency to which the money, draft, or credit is to be transferred is on the day of the transaction, and the amount expressed in the denomination of the foreign currency, according to the rate of exchange, that is to be forwarded as set forth above.History of Section.P.L. 2001, ch. 129, § 3.
RI Gen L § 19-14.3-3.3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.3 - Action on bond.

§ 19-14.3-3.3. Action on bond.Every person who has delivered or deposited money or credit to be forwarded to a foreign correspondent, who has acquired any judgment, debt, claim, or demand relating to the transaction against any person named as principal in any bond filed in accordance with the provisions of this chapter or the person's agents or employees, arising from defalcation, embezzlement, negligence, breach of contract, or violation of any duty required under this title, shall have a cause of action upon the bond for all damages sustained, and shall upon request be furnished with a certified copy of the bond by the director, or the director's designee, and may bring suit in the name of the obligee named in the bond for their use and benefit against the principal and surety or sureties named in the bond, and may prosecute the action to final judgment and execution; provided, that the action and its prosecution shall involve the obligee in no expense and that every action shall be commenced and sued within six (6) years after the cause of action shall accrue and not after.History of Section.P.L. 2001, ch. 129, § 3.
RI Gen L § 19-14.3-3.4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.4 - Companies exempt from provisions.

§ 19-14.3-3.4. Companies exempt from provisions.The provisions of §§ 19-4.3-3.1 — 19-4.3-3.3 shall not apply to duly incorporated financial institutions or credit unions.History of Section.P.L. 2001, ch. 129, § 3.
RI Gen L § 19-14.3-3.6 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.6 - Property interests and entitlements to virtual currency.

§ 19-14.3-3.6. Property interests and entitlements to virtual currency.(a) A licensee that has control of virtual currency for one or more persons shall maintain in its control an amount of each type of virtual currency sufficient to satisfy the aggregate entitlements of the persons to the type of virtual currency.(b) If a licensee violates subsection (a), the property interests of the persons in the virtual currency are pro rata property interests in the type of virtual currency to which the persons are entitled, without regard to the time the persons became entitled to the virtual currency or the licensee obtained control of the virtual currency.(c) The virtual currency referred to in this section is:(1) Held for the persons entitled to the virtual currency;(2) Not property of the licensee; and(3) Not subject to the claims of creditors of the licensee.History of Section.P.L. 2019, ch. 226, § 4; P.L. 2019, ch. 246, § 4.
RI Gen L § 19-14.3-3.7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.7 - Mandated compliance programs and monitoring.

§ 19-14.3-3.7. Mandated compliance programs and monitoring.(a) An applicant, before submitting an application, shall create and, during licensure, maintain in a record, policies and procedures for:(1) An information-security and operational-security program;(2) A business-continuity program;(3) A disaster-recovery program;(4) An anti-fraud program;(5) An anti-money-laundering program; and(6) A program to ensure compliance with the Bank Secrecy Act and the USA Patriot Act.(b) A licensee's information-security and operational-security policy must include reasonable and appropriate administrative, physical, and technical safeguards to protect the confidentiality, integrity, and availability of any non-public personal information or currency transmission it receives, maintains, or transmits.(c) A licensee is not required to file with the department a copy of a report it makes to a federal authority unless the department specifically requires filing.(d) After the policies and procedures required under this section are created by the licensee and approved by the department, the licensee shall engage a responsible individual with adequate authority and experience to monitor each policy and procedure, recommend changes as desirable, and enforce it.(e) A licensee may:(1) Request advice from the department as to compliance with this section; and(2) With the department's approval, outsource functions, other than compliance, required under this section.(f) Failure of a particular policy or procedure adopted under this section to meet its goals in a particular instance is not a ground for liability of the licensee if the policy or procedure was created, implemented, and monitored properly. Repeated failures of a policy or procedure are evidence that the policy or procedure was not created or implemented properly.History of Section.P.L. 2019, ch. 226, § 4; P.L. 2019, ch. 246, § 4.
RI Gen L § 19-14.3-3.8 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-3.8 - Prohibited acts and practices.

§ 19-14.3-3.8. Prohibited acts and practices.No person required to be licensed under this chapter shall:(1) Fail to remit all money or monetary value received for transmission pursuant to this chapter, or give instructions committing equivalent money or monetary value to the person designated by the sender within ten (10) days after receipt by the licensee unless otherwise directed by the sender except in cases relating to the prevention and detection of fraud or money laundering, compliance with applicable sanctions, regimes and other related compliance obligations;(2) Fail to immediately notify the director in writing if the licensee dishonors or fails to satisfy any currency transmission transaction within the ten (10) days following receipt for any reason other than direction by the sender except in cases relating to the prevention and detection of fraud or money laundering, compliance with applicable sanctions, regimes and other related compliance obligations;(3) Engage in the business of currency transmission in the state under any name other than that which it is organized or otherwise authorized to do business in the state;(4) Fail to comply with the Bank Secrecy Act, 31 U.S.C. § 5311 et seq., and 31 C.F.R. Part 1022, including maintenance of an active registration with the United States Department of Treasury Financial Crimes Enforcement Network;(5) Fail to comply with the Electronic Fund Transfer Act, 15 U.S.C. § 1693 et seq., and Regulation E, 12 C.F.R. 1005 et seq.;(6) Fail to safeguard identifying information obtained in the course of currency transmission and otherwise comply with the requirements set forth in chapter 52 of title 6;(7) Fail to comply with applicable state and federal laws and regulations related to the business of currency transmission;(8) Use or cause to be published or disseminated any advertising communication that contains any false, misleading, or deceptive statement or representation; or(9) Engage in unfair, deceptive, or fraudulent practices.History of Section.P.L. 2019, ch. 226, § 4; P.L. 2019, ch. 246, § 4.
RI Gen L § 19-14.3-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-4 - Rules and regulations.

§ 19-14.3-4. Rules and regulations.The director, or the director's designee, may adopt reasonable rules and regulations for the implementation and administration of the provisions of this chapter.History of Section.P.L. 1995, ch. 82, § 55.
RI Gen L § 19-14.3-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.3 - Currency Transmissions|Section 19-14.3-5 - Severability.

§ 19-14.3-5. Severability.If any provision of this chapter or the application of this chapter to any person or circumstances is held invalid or unconstitutional, the invalidity or unconstitutionality shall not affect other provisions or applications of this chapter that can be given effect without the invalid or unconstitutional provision or application, and to this end the provisions of this chapter are declared to be severable.History of Section.P.L. 1995, ch. 82, § 55.
RI Gen L § 19-14.4-1 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.4 - Check Cashing|Section 19-14.4-1 - Exemptions from licensing.

§ 19-14.4-1. Exemptions from licensing.No license to cash checks shall be required of any:(1) Regulated institution, bank, or credit union organized under the laws of the United States, or subject to written notice with a designated Rhode Island agent for service of process in the form prescribed by the director, or the director's designee, of any other state within the United States if the laws of the other state in which such bank or credit union is organized authorizes under conditions not substantially more restrictive than those imposed by the laws of this state, as determined by the director, or the director's designee, a financial institution or credit union to engage in the business of cashing checks in the other state; no bank or credit union duly organized under the laws of another state within the United States may receive deposits, pay checks or lend money from any location within this state unless such bank or credit union has received approval from the director, or the director's designee, for the establishment of an interstate branch office pursuant to chapter 7 of title 19;(2) Natural person employee who is employed by a licensee when acting on the licensee's behalf; or(3) Persons engaged in the business of cashing checks where that business is incidental to the person's retail sale of goods or services and the person charges not more than fifty cents ($.50) per check cashed.History of Section.P.L. 1995, ch. 82, § 56; P.L. 2003, ch. 163, § 5; P.L. 2003, ch. 169, § 5.
RI Gen L § 19-14.4-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14.4 - Check Cashing|Section 19-14.4-2 - Public notice of application.

§ 19-14.4-2. Public notice of application.(a) Upon the filing of any application in due form, accompanied by the required fee and documents, notice thereof shall be published in a newspaper of general circulation in this state. Each notice shall contain:(1) The name of the applicant;(2) The location of the proposed site; and(3) A statement that any comment or objection by anyone in relation to the application should be submitted in writing to the director, or the director's designee, for consideration within ten (10) business days of the date of publication.(b) The general assembly finds and declares that check-cashing businesses provide important and vital services to Rhode Island citizens; that the number of check-cashing businesses should be limited in accordance with the needs of the communities they are to serve; and that it is in the public interest to promote and foster check-cashing businesses and to insure their financial stability.(c) The director, or the director's designee, shall cause an investigation of the needs of the community for the establishment of a check-cashing business at the location specified in the application and the effect that granting the license will have on the financial stability of other check-cashing businesses that may be serving the community in which the business of the applicant is proposed to be conducted. If the issuance of a license to engage in the check-cashing business at the location specified will not promote the needs and the convenience and advantage of the community in which the check-cashing business of the applicant is proposed to be conducted, then the application may be denied.(d) The director, or the director's designee, shall investigate to ascertain whether the qualifications and requirements have been met. Within ninety (90) days after the publication of the notice, if the director, or the director's designee, finds that the qualifications have been met, he or she shall issue to the applicant a license to engage in the business of cashing checks in this state.History of Section.P.L. 1995, ch. 82, § 56.