reglab/housing_qa huggingface dataset:
RI Gen L § 19-32-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-2 - Definitions.

§ 19-32-2. Definitions.The following are terms defined for purposes of this chapter and are not intended to provide actual terms required in guaranteed asset-protection waivers:(1) "Administrator" means a person, other than an insurer or creditor who performs administrative or operational functions pursuant to guaranteed asset-protection waiver programs.(2) "Borrower" means a debtor, retail buyer, or lessee, under a finance agreement.(3) "Creditor" means:(i) The lender in a loan or credit transaction;(ii) The lessor in a lease transaction;(iii) Any dealer of motor vehicles that provides credit to retail buyers of such motor vehicles, provided that such entities comply with the provisions of this section;(iv) Any retail seller of motor vehicles as defined herein in commercial retail installment transactions; or(v) The assignees of any of the foregoing to whom the credit obligation is payable.(4) "Finance agreement" means a loan, lease, or retail installment sales contract for the purchase or lease of a motor vehicle.(5) "Free-look period" means the period of time from the effective date of the GAP waiver until the date the borrower may cancel the contract without penalty, fees, or costs to the borrower. This period of time must be not less than thirty (30) days.(6) "Guaranteed asset-protection waiver" or "GAP waiver" means a contractual agreement wherein a creditor agrees, for a separate charge, to cancel or waive all or part of amounts due on a borrower's finance agreement in the event of a total, physical-damage loss or unrecovered theft of the motor vehicle, which agreement must be part of, or a separate addendum to, the finance agreement.(7) "Insurer" means an insurance company licensed, registered, or otherwise authorized to do business under title 27.(8) "Motor vehicle" means self-propelled or towed vehicles designed for personal or commercial use, including, but not limited to: automobiles, trucks, motorcycles, recreational vehicles, all-terrain vehicles, snowmobiles, campers, boats, personal watercraft, and trailers for motorcycles, boats, campers, and personal watercraft.(9) "Person" includes an individual, company, association, organization, partnership, business trust, corporation, or other legal entity.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-3 - Requirements for offering guaranteed asset-protection waivers.

§ 19-32-3. Requirements for offering guaranteed asset-protection waivers.(a) GAP waivers may be offered, sold, or provided to borrowers in this state in compliance with this chapter.(b) GAP waivers may, at the option of the creditor, be sold for a single payment, or may be offered with a monthly or periodic payment option.(c) Notwithstanding any provision of the general or public laws to the contrary, any cost to the borrower for a guaranteed asset-protection waiver entered into in compliance with the Truth in Lending Act, 15 U.S.C. § 1601 et seq., and its implementing regulations, as they may be amended from time to time, must be separately stated and is not to be considered a finance charge or interest.(d) A retail seller must insure its GAP waiver obligations under a contractual liability or other insurance policy issued by an insurer. A creditor, other than a retail seller, may insure its GAP waiver obligations under a contractual liability policy or other such policy issued by an insurer. Any such insurance policy may be directly obtained by a creditor, retail seller, or may be procured by an administrator to cover a creditor's or retail seller's obligations; provided, that retail sellers that are lessors on motor vehicles are not required to insure obligations related to GAP waivers on such leased vehicles.(e) The GAP waiver remains a part of the finance agreement upon the assignment, sale, or transfer of such finance agreement by the creditor.(f) Any creditor that offers a GAP waiver must report the sale of, and forward funds received on all such waivers to the designated party, if any, as prescribed in any applicable administrative services agreement, contractual liability policy, other insurance policy, or other specified program documents.(g) Funds received or held by a creditor or administrator and belonging to an insurer, creditor, or administrator, pursuant to the terms of a written agreement, must be held by such creditor or administrator in a fiduciary capacity.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-4 - Contractual liability or other insurance policies.

§ 19-32-4. Contractual liability or other insurance policies.(a) Contractual liability or other insurance policies insuring GAP waivers must state the obligation of the insurer to reimburse or pay to the creditor any sums the creditor is legally obligated to waive under the GAP waivers issued by the creditor and purchased or held by the borrower.(b) Coverage under a contractual liability or other insurance policy insuring a GAP waiver must also cover any subsequent assignee upon the assignment, sale, or transfer of the finance agreement.(c) Coverage under a contractual liability or other insurance policy insuring a GAP waiver must remain in effect unless cancelled or terminated in compliance with title 27.(d) The cancellation or termination of a contractual liability or other insurance policy must not reduce the insurer's responsibility for GAP waivers issued by the creditor prior to the date of cancellation or termination and for which premium has been received by the insurer.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-5 - Disclosures.

§ 19-32-5. Disclosures.Guaranteed asset-protection waivers must disclose, in writing and in clear, understandable language that is easy to read, the following:(1) The name and address of the initial creditor and the borrower at the time of sale, and the identity of any administrator if different from the creditor.(2) The purchase price and the terms of the GAP waiver, including, without limitation, the requirements for protection, conditions, or exclusions associated with the GAP waiver.(3) That the borrower may cancel the GAP waiver within a free-look period as specified in the waiver, and will be entitled to a full refund of the purchase price, as long as no benefits have been provided; or in the event benefits have been provided, the borrower may receive a full or partial refund pursuant to the terms of the waiver.(4) The procedure the borrower must follow, if any, to obtain GAP-waiver benefits under the terms and conditions of the waiver, including a telephone number and address where the borrower may apply for waiver benefits.(5) Whether or not the GAP waiver is cancellable after the free-look period, and the conditions under which it may be cancelled or terminated, including the procedures for requesting any refund due.(6) That in order to receive any refund due in the event of a borrower's cancellation of the GAP waiver agreement or early termination of the finance agreement after the free-look period of the GAP waiver, the borrower, in accordance with terms of the waiver, must provide a written request to cancel to the creditor, administrator, or such other party within ninety (90) days of the occurrence of the event terminating the finance agreement.(7) The methodology for calculating any refund of the unearned purchase price of the GAP waiver due, in the event of cancellation of the GAP waiver or early termination of the finance agreement.(8) That neither the extension of credit, the terms of the credit, nor the terms of the related motor vehicle sale or lease may be conditioned upon the purchase of the GAP waiver.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-6 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-6 - Cancellation.

§ 19-32-6. Cancellation.(a) GAP-waiver agreements may be cancellable or non-cancellable after the free-look period. GAP waivers must provide that if a borrower cancels a waiver within the free-look period, the borrower will be entitled to a full refund of the purchase price, as long as no benefits have been provided; or in the event benefits have been provided, the borrower may receive a full or partial refund pursuant to the terms of the waiver.(b) In the event of a borrower's cancellation of the GAP waiver or early termination of the finance agreement after the agreement has been in effect beyond the free-look period, the borrower may be entitled to a refund of any unearned portion of the purchase price of the waiver, unless the waiver provides otherwise. In order to receive a refund, the borrower, in accordance with any applicable terms of the waiver, must provide a written request to the creditor, administrator, or other party, within ninety (90) days of the event terminating the finance agreement.(c) If the cancellation of a GAP waiver occurs as a result of a default under the finance agreement or the repossession of the motor vehicle associated with the finance agreement, or any other termination of the finance agreement, any refund due may be paid directly to the creditor or administrator and applied as set forth in subsection (d).(d) Any cancellation refund under subsection (a), (b), or (c) may be applied by the creditor as a reduction of the amount owed under the finance agreement, unless the borrower can show that the finance agreement has been paid in full.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-7 - Commercial transactions exempted.

§ 19-32-7. Commercial transactions exempted.Sections 19-32-3(c), 19-32-5 and 19-32-8 are not applicable to a GAP waiver offered in connection with a lease or retail installment sale associated with transactions between business entities.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-32-8 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-32 - Guaranteed Asset-Protection Waivers|Section 19-32-8 - Severability.

§ 19-32-8. Severability.If any provision of this chapter, or the application of the provision to any person or circumstances, is held invalid, the remainder of the chapter, and the application of the provision to persons or circumstances other than those as to which it is held invalid, is not to be affected.History of Section.P.L. 2016, ch. 530, § 1.
RI Gen L § 19-33-1 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-1 - Title.

§ 19-33-1. Title.This chapter shall be known and may be cited as the "Student Loan Bill of Rights Act."History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-2 - Definitions.

§ 19-33-2. Definitions.As used in this chapter:(1) "Commissioner" means the commissioner of postsecondary education.(2) "Department" means the department of business regulation, division of banking.(3) "Director" means the director of the department of business regulation or designee.(4) "Distressed borrower" means a student loan education borrower who is not considered current on their student education loan payments by the student loan servicer.(5) "Student education loan" means any loan made to a student loan borrower primarily for personal use to finance postsecondary education or other school-related expenses, and does not include an extension of credit under an open-end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling.(6) "Student loan borrower" means:(i) Any resident of this state who has received or agreed to pay a postsecondary student education loan; or(ii) Any person who shares responsibility, as a guarantor or by other legal obligation, with such resident for repaying the postsecondary student education loan for another.(7) "Student loan servicer" means any person or entity who or that engages in student loan servicing as defined in this chapter.(8) "Student loan servicing" or "servicing" means:(8) (i) (A) Receiving any scheduled periodic payments from a student loan borrower or notification of such payments; and(B) Applying payments to the student loan borrower's account pursuant to the terms of the student education loan or of the contract governing the servicing;(ii) During a period when no payment is required on a student education loan, maintaining account records for the loan; and(iii) Communicating with the student loan borrower regarding the loan, on behalf of the loan's holder; or(iv) Interactions with a student loan borrower, including activities to help prevent default on obligations arising from student education loans, conducted to facilitate the activities described in this section.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-3 - Borrower assistance, education, and complaints.

§ 19-33-3. Borrower assistance, education, and complaints.(a) The department of attorney general's consumer protection unit, in collaboration with the director, general treasurer, and commissioner, shall:(1) Receive, review, and attempt to resolve complaints from student loan borrowers;(2) Compile and analyze data on student loan borrower complaints;(3) Assist student loan borrowers to understand their rights and responsibilities under the terms of student education loans;(4) Provide information to the public, agencies, the general assembly, and others regarding the problems and concerns of student loan borrowers and make recommendations for resolving those problems and concerns;(5) Share information concerning the availability of the consumer protection unit to assist student loan borrowers and potential student loan borrowers, as well as public institutions of higher education, student loan servicers, and any other participant in student education loan lending with any student loan servicing concerns; and(6) Take any other actions necessary to fulfill the borrower assistance, education, and complaints-related duties in this chapter.(b) The attorney general, the director, the general treasurer, and the commissioner, or designees, shall meet at least once per quarter to coordinate their efforts under this chapter.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-5 - Servicer registration account established.

§ 19-33-5. Servicer registration account established.There is established a restricted receipt account to be known as the "servicer registration account" which shall be a separate account within the department. Registration fees and other monies, excluding examination fees pursuant to § 19-33-9, received by the department pursuant to the terms of this chapter shall be deposited into the account. Monies deposited in the account shall be transferred to the department of attorney general's student loan consumer protection account at the request of the attorney general and shall be expended for the purpose of administering the provisions of this chapter.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-6 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-6 - Maintenance of records.

§ 19-33-6. Maintenance of records.(a) Each student loan servicer shall maintain complete records of each student education loan transaction, including recordings of communications with borrowers, for not less than two (2) years following the final payment on such student education loan or the assignment of such student education loan, whichever occurs first, or any longer period as may be required by any other provision of the general or public laws.(b) If requested by the division of banking, each student loan servicer shall make all records available, not later than five (5) business days after requested. Upon request, the department may grant a student loan servicer additional time to make these records available.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-7 - Reporting requirements.

§ 19-33-7. Reporting requirements.Each registrant shall annually, on or before March 31, file a report with the department, giving any relevant information that the department may reasonably require concerning the business and operations during the preceding calendar year of the registrant within the state. At the time of filing each report, the sum of fifty-five dollars ($55.00) per registration shall be paid by the registrant to the department. Any registrant that delays the transmission of any report required by the provisions of this chapter beyond the limit, unless additional time is granted in writing for good cause, the department shall assess a penalty of twenty-five dollars ($25.00) for each day of the delay.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-10 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-10 - Fines.

§ 19-33-10. Fines.(a) The director, after an administrative hearing pursuant to chapter 35 of title 42, may issue fines upon a finding that the registrant violated the provisions of this chapter, or any regulation or order lawfully made pursuant to this chapter; or take any other action provided for in this chapter.(b) Any student loan servicer or the members, officers, directors, agents, and employees of any student loan servicer who or that violate or participate in the violation of any of the applicable provisions of this chapter, or any regulation promulgated thereunder, shall be punished by a fine of not more than two thousand dollars ($2,000) per violation. Each student education loan constitutes a separate offense.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-11 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-11 - Appeal and review.

§ 19-33-11. Appeal and review.Any student loan servicer aggrieved by an action of the department in imposition of fines shall have the right to appeal the action, order, or decision pursuant to chapter 35 of title 42.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-12 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-12 - Prohibited conduct.

§ 19-33-12. Prohibited conduct.No student loan servicer shall:(1) Directly or indirectly employ any scheme, device, or artifice to defraud or mislead student loan borrowers;(2) Engage in any unfair or deceptive practice toward any person or misrepresent or omit any material information in connection with the servicing of a student education loan, including, but not limited to, misrepresenting the amount, nature, or terms of any fee or payment due or claimed to be due on a student education loan, the terms and conditions of the loan agreement, or the borrower's obligations under the loan;(3) Obtain property by fraud or misrepresentation;(4) Knowingly misapply or recklessly apply student education loan payments to the outstanding balance of a student education loan;(5) Knowingly or recklessly provide inaccurate information to a credit bureau, thereby harming a student loan borrower's creditworthiness;(6) Fail to report both the favorable and unfavorable payment history of the student loan borrower to a nationally recognized consumer credit bureau at least annually if the student loan servicer regularly reports information to a credit bureau;(7) Refuse to communicate with an authorized representative of the student loan borrower who provides a written authorization signed by the student loan borrower, provided the student loan servicer may adopt procedures reasonably related to verifying that the representative is in fact authorized to act on behalf of the student loan borrower;(8) Negligently make any false statement or knowingly or willfully make any omission of a material fact in connection with any information or reports filed with a governmental agency or in connection with any examination conducted by the department or investigation conducted by the attorney general or other governmental agency; or(9) Fail to properly evaluate a student loan borrower for an income-driven or other student loan repayment program or for eligibility for a public service loan forgiveness program before placing the student loan borrower in forbearance or default, if an income-driven repayment or other program is available to the student loan borrower except as otherwise provided in federal law, federal student loan agreements, or a contract between the federal government and a student loan servicer.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-13 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-13 - Investigation and enforcement.

§ 19-33-13. Investigation and enforcement.The attorney general may enforce a violation of § 19-33-12 as an unlawful act or practice under chapter 13.1 of title 6.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-14 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-14 - Private actions.

§ 19-33-14. Private actions.Any student loan borrower may bring an action under § 6-13.1-5.2 for a violation of § 19-33-12 as an unlawful act or practice under chapter 13.1 of title 6.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
RI Gen L § 19-33-15 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-33 - Student Loan Bill of Rights Act|Section 19-33-15 - Student loan consumer protection account established.

§ 19-33-15. Student loan consumer protection account established.A student loan consumer protection restricted receipt account (the "account") is hereby created within the department of the attorney general. Monies deposited in the account shall be expended by the attorney general for the purpose of administering the provisions of this chapter.History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.