reglab/housing_qa huggingface dataset:
RI Gen L § 19-12-17 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-12 - Receivership|Section 19-12-17 - Severability.

§ 19-12-17. 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. This chapter shall be construed liberally in aid of its purpose and legislative findings.History of Section.P.L. 1995, ch. 82, § 50.
RI Gen L § 19-13-1 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-1 - Proclamation of emergency.

§ 19-13-1. Proclamation of emergency.The governor may proclaim that a banking emergency exists when it appears necessary to protect the public and the interests of those regulated institutions or of the shareholders, depositors, or other creditors of those regulated institutions. Thereupon, any or all of the regulated institutions shall be subject to special regulation by the director, until the governor, by like proclamation, declares the period of banking emergency terminated. Any action taken or order issued by the director in any of the following sections in this chapter shall, in each instance, be taken only with the approval of the governor.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-2 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-2 - Suspension of payment of deposits.

§ 19-13-2. Suspension of payment of deposits.During the period of a banking emergency, the director may, if deemed necessary for the protection of the public and of the interests of depositors and other creditors of any or all regulated institutions, order the regulated institutions to suspend or restrict, in whole or in part, the payment in currency, or by other means, of the liabilities of the regulated institutions to shareholders, depositors, and other creditors, except as hereinafter provided. The order shall become effective upon receipt by the regulated institutions of notice thereof, and shall continue in full force and effect during the period of banking emergency, until revoked or modified by the director. Whenever, in the judgment of the director, the condition of emergency, because of which the order was made, warrants action, the liability, the payment of which has been suspended or restricted, may be paid by the regulated institution, in whole or pro rata or in part, upon any terms and conditions and in any form as the director shall prescribe, provided that acceptance of any such payment, if and so far as not offered in legal tender, shall be optional with the person entitled to payment of that liability.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-3 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-3 - Segregation of new cash deposits.

§ 19-13-3. Segregation of new cash deposits.Cash deposits, called "new cash deposits", received by any regulated institution after an order of the director issued under the provisions of this chapter suspending or restricting withdrawals of currency from that regulated institution, and while the order remains in force either in whole or in part, shall not be subject, by reason of the order, to any limitation or restriction as to payment or withdrawal in currency or otherwise, and shall be segregated and held or invested and used solely to meet the new cash deposit liability; provided, however, that the aggregate amount of cash representing those deposits shall be kept separately in cash, or on deposit in Federal Reserve banks, or invested in obligations of the United States, or as may otherwise be authorized from time to time by order of the Secretary of the Treasury of the United States or other constituted federal authority.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-4 - New deposits other than cash.

§ 19-13-4. New deposits other than cash.New deposits, other than new cash deposits, need not be segregated, but may be drawn against by check to the same extent and in the same manner as deposits existing prior to any order of the director, issued under the provisions of this chapter, and may also be drawn against under the terms of the order; provided, nevertheless, that new deposits made in any medium of exchange prescribed by the director under the provisions of this chapter shall be payable in the deposited medium of exchange, or the medium of exchange into which it may have been converted, and any such deposits may be withdrawn in whole or in part.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-5 - Bank holidays.

§ 19-13-5. Bank holidays.The director is further authorized to declare bank holidays with respect to any or all activities of any regulated institutions, whenever in the director's judgment a declaration is required by the public interest. A bank holiday declared by the director under this section shall have the same effect, with respect to banking activities, as the appointment or proclamation of a legal holiday under the provisions of § 25-1-1.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-6 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-6 - Conformity to federal law.

§ 19-13-6. Conformity to federal law.All of the regulated institutions to which this chapter is applicable shall be permitted to conform to the requirements of any federal proclamation, law, or regulation.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-7 - Violation of orders or rules.

§ 19-13-7. Violation of orders or rules.Any person or regulated institution violating any order or any provision of any rule or regulation made by the director under the authority of this chapter, shall be punished by fine of not more than one thousand dollars ($1,000), or by imprisonment for not more than one year, or both.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-8 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-8 - Costs and expenses.

§ 19-13-8. Costs and expenses.Any costs and expenses incurred by the director in any exercise of the powers given under this chapter may be assessed by the director against the regulated institutions concerned and, when so assessed, shall be paid by those regulated institutions.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-9 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-9 - Emergency measure.

§ 19-13-9. Emergency measure.This chapter is declared to be an emergency measure, necessary for the immediate preservation of the public peace and safety, requiring the immediately effective enactment of legislation concerning the protection of deposits in regulated institutions.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-10 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-10 - Emergency powers of the director.

§ 19-13-10. Emergency powers of the director.In the interest of the protection of depositors in financial institutions or credit unions, the director is authorized to waive, in whole or in part, any provisions of this title relating to public hearings and/or public notice that would hinder or prevent the merger, consolidation, purchase of assets and assumption of liabilities, or other acquisition of a financial institution or credit union that is in danger of insolvency or that has been closed by the proclamation of a banking emergency in accordance with the provisions of this chapter. All waivers shall be made public as to the final decision or disposition within ninety (90) days after the waiver is granted.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-13-11 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-11 - Rules and regulations.

§ 19-13-11. 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, § 51.
RI Gen L § 19-13-12 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-12 - Severability.

§ 19-13-12. 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, § 51.
RI Gen L § 19-13-13 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-13 - Banking Emergencies|Section 19-13-13 - Chapter controlling.

§ 19-13-13. Chapter controlling.The provisions of this chapter shall control if in conflict with any other legislation.History of Section.P.L. 1995, ch. 82, § 51.
RI Gen L § 19-14-4 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-4 - Annual fee.

§ 19-14-4. Annual fee.(a) Each licensee shall pay an annual license fee as follows:(1) Each small-loan lender license and each branch certificate, the sum of five hundred fifty dollars ($550);(2) Each loan-broker license and each branch certificate, the sum of five hundred fifty dollars ($550);(3) Each lender license and each branch certificate, the sum of one thousand one hundred dollars ($1,100);(4) Each currency transmission license, the sum of one thousand dollars ($1,000);(5) Each check cashing license, the sum of three hundred sixty dollars ($360);(6) [Deleted by P.L. 2019, ch. 226, § 1 and P.L. 2019, ch. 246, § 1.](7) Each registration to provide debt-management services, the sum of two hundred dollars ($200);(8) Each mortgage-loan originator license, the sum of four hundred dollars ($400); and(9) Each third-party loan-servicer license and each branch certificate, the sum of one thousand one hundred dollars ($1,100).(b) Any licensee who shall not pay the annual fee by December 31 of each year shall be subject to a daily penalty of twenty-five dollars ($25) per day, subject to a maximum of seven hundred fifty dollars ($750). The penalty shall be paid to the director to, and for the use of, the state. The penalty may be waived for good cause by the director, or the director's designee, upon written request.History of Section.P.L. 1995, ch. 82, § 52; P.L. 2002, ch. 65, art. 13, § 19; P.L. 2004, ch. 579, § 2; P.L. 2006, ch. 243, § 1; P.L. 2006, ch. 291, § 1; P.L. 2007, ch. 73, art. 16, § 1; P.L. 2007, ch. 244, § 1; P.L. 2007, ch. 251, § 2; P.L. 2009, ch. 68, art. 12, § 1; P.L. 2014, ch. 487, § 1; P.L. 2014, ch. 522, § 1; P.L. 2019, ch. 88, art. 5, § 1; P.L. 2019, ch. 226, § 1; P.L. 2019, ch. 246, § 1.
RI Gen L § 19-14-5 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-5 - Minimum capital.

§ 19-14-5. Minimum capital.Each licensee, licensed pursuant to an application for license filed after June 30, 1995, shall maintain the following minimum-net worth to be evidenced in accordance with regulations promulgated by the director, or the director's designee.(1) Small-loan lenders, the sum of twenty-five thousand dollars ($25,000);(2) Loan brokers, the sum of ten thousand dollars ($10,000);(3) Lenders, the sum of one hundred thousand dollars ($100,000);(4) Currency transmission licensees, the sum of fifty thousand dollars ($50,000). If a licensee limits its actions to virtual currency, the licensee may include in its calculation of net worth virtual currency, measured by the average value of the virtual currency in U.S. Dollar equivalent over the prior six (6) months; and(5) Third-party loan servicers, the sum of one hundred thousand dollars ($100,000).History of Section.P.L. 1995, ch. 82, § 52; P.L. 2014, ch. 487, § 1; P.L. 2014, ch. 522, § 1; P.L. 2019, ch. 226, § 1; P.L. 2019, ch. 246, § 1.
RI Gen L § 19-14-7 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-7 - Issuance or denial of license.

§ 19-14-7. Issuance or denial of license.(a) Upon the filing of a completed application, the payment of fees and the approval of the bond, the director, or the director's designee, shall commence an investigation of the applicant.(b) After the investigation determines that a completed application has been filed, the director, or the director's designee, shall approve the license applied for in accordance with the provisions of this chapter if he or she shall find:That the financial responsibility, experience, character, and general fitness of the applicant, and of the applicant's members and of the applicant's officers, including the designated manager of record of a licensed location, if the applicant is a partnership, limited liability company or association, or of the officers including the designated manager of record of a licensed location, and directors and the principal owner or owners of the issued and outstanding capital stock, if the applicant is a corporation, are such as to command the confidence of the community and to warrant belief that the business will be operated honestly, fairly, and efficiently within the purposes of this title.(c) A license provided pursuant to this title shall remain in full force and effect until it is surrendered by the licensee or revoked or suspended as provided by law. The licensee is, however, subject to suspension or revocation for failure to comply with any applicable provision of this title or regulation promulgated thereunder.(d) If the director, or the director's designee, rejects an application for a license, he or she shall notify the applicant, in writing, and advise the applicant of the reason for the denial of the application for license. When an application for a license is denied by the director, or the director's designee, or withdrawn by the applicant, the director, or the director's designee, shall return to the applicant the bond, but shall retain the investigation fee to cover the costs of investigating the application. The applicant may make written demand for hearing upon the director, or director's designee, within thirty (30) days of the notice to determine the reasonableness of the action to deny the license.(e) Any applicant or licensee aggrieved by the action of the director, or the director's designee, in denying a completed application for a license shall have the right to appeal the action, order, or decision pursuant to chapter 35 of title 42.History of Section.P.L. 1995, ch. 82, § 52; P.L. 2007, ch. 73, art. 16, § 1; P.L. 2007, ch. 244, § 1; P.L. 2009, ch. 148, § 1; P.L. 2009, ch. 160, § 1; P.L. 2012, ch. 65, § 2; P.L. 2012, ch. 145, § 2; P.L. 2014, ch. 106, § 3; P.L. 2014, ch. 125, § 3.
RI Gen L § 19-14-8 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-8 - Denial of license due to incomplete application.

§ 19-14-8. Denial of license due to incomplete application.If the applicant has failed to provide the information requested by the department to complete the application, the director, or the director's designee, shall notify the applicant, in writing, that the application shall be considered withdrawn if all information requested is not received within thirty (30) days of the notice. The notice shall specify what information is necessary for completion. The applicant may make a written demand within thirty (30) days for a hearing to determine the reasonableness of the director's, or the director's designee's, action. The hearing shall be conducted pursuant to the Administrative Procedures Act, chapter 35 of title 42. If the applicant fails to provide the information or request a hearing within thirty (30) days from the notice, the application shall be withdrawn on the basis that it is incomplete.History of Section.P.L. 1995, ch. 82, § 52; P.L. 2012, ch. 65, § 2; P.L. 2012, ch. 145, § 2; P.L. 2014, ch. 106, § 3; P.L. 2014, ch. 125, § 3.
RI Gen L § 19-14-9 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-9 - Contents of license.

§ 19-14-9. Contents of license.The license or branch certificate shall contain any information that the director, or the director's designee, shall require, including the type of activity authorized. In his or her discretion, the director, or the director's designee, may substitute an electronic record as the confirmation of a license status in substitution for a license or branch certificate. When dealing with an applicant, or potential applicant, for a mortgage loan or when dealing with any person providing settlement services (as defined in the Real Estate Settlement Procedures Act, as amended, 12 U.S.C. § 2601 et seq., or the regulations promulgated thereunder from time to time), a mortgage loan originator shall disclose the mortgage loan originator's nationwide mortgage licensing system unique identification number upon request to the applicant, or potential applicant, and the fact that the mortgage loan originator is licensed by this state.History of Section.P.L. 1995, ch. 82, § 52; P.L. 2007, ch. 73, art. 16, § 1; P.L. 2007, ch. 244, § 1; P.L. 2009, ch. 148, § 1; P.L. 2009, ch. 160, § 1; P.L. 2014, ch. 106, § 3; P.L. 2014, ch. 125, § 3; P.L. 2016, ch. 512, art. 1, § 6.
RI Gen L § 19-14-11 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-11 - Prohibition or transfer or assignment of license.

§ 19-14-11. Prohibition or transfer or assignment of license.No license shall be transferable or assignable. A change in ownership of less than twenty-five percent (25%) of the voting stock or equity interests of a licensee shall not be considered a transfer or assignment of the license. A change in ownership of twenty-five percent (25%) or more of the voting stock or equity interests shall require notification to the director within fifteen (15) days of the change in ownership. Change in ownership application procedures, including reasonable response time requirements, shall be established by regulations promulgated by the director, or the director's designee.History of Section.P.L. 1995, ch. 82, § 52.
RI Gen L § 19-14-12 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-12 - Place of business - Branch offices - Name changes.

§ 19-14-12. Place of business — Branch offices — Name changes.(a) Additional places of business may be maintained under the same license upon written application to the director, or the director's designee, for the establishment of an additional branch office. A separate application must be filed for each additional branch office being requested. At the time of the application, the licensee shall pay to, and for the use of, the state an investigation fee as provided for in § 19-14-3. Upon the filing of the application, the director, or the director's designee, shall investigate the facts, and if he or she finds that the requirements for licensure have been met, the director, or the director's designee, shall grant authority for the operation of the business under the license at the branch location. If the director, or the director's designee, shall not so find, he or she shall deny the licensee permission to establish the branch location in a manner consistent with the licensing application process. Upon approval of a branch location request, the licensee shall pay an additional annual licensing fee for each branch location in the manner consistent with the licensing application process.(b) Whenever a licensee wishes to change his or her place of business or branch location to a street address other than that designated in the license, the licensee shall notify the director, or the director's designee, in the manner directed by the director, or the director's designee, prior to conducting business at that location. Unless the director, or the director's designee, finds that the new location is not in the best interests of the public, the director, or the director's designee, will reflect the change in the records of the department. At the time of notification, the licensee shall pay to the state the sum of fifty dollars ($50.00) as a processing fee.(c) No licensee shall transact the business provided for by this chapter under any other name than that named in the license or branch certificate. Whenever a licensee shall wish to change the name, the licensee shall make written application to the director, or the director's designee. If the director, or the director's designee, shall find that the change of name is appropriate and all requirements for the name change have been met by the licensee, the director, or the director's designee, shall approve the change and reflect the new name in the records of the department. At the time of application for change of name, the licensee shall pay to, and for the use of, the state the sum of fifty dollars ($50.00) as a processing fee.History of Section.P.L. 1995, ch. 82, § 52; P.L. 2014, ch. 106, § 3; P.L. 2014, ch. 125, § 3.
RI Gen L § 19-14-13 (2021)
2021 Rhode Island General Laws|Title 19 - Financial Institutions|Chapter 19-14 - Licensed Activities|Section 19-14-13 - Revocation of license.

§ 19-14-13. Revocation of license.(a) The director, or the director's designee, may, upon ten (10) days' notice to the licensee, stating his or her intent to revoke and the grounds for revocation, and upon reasonable opportunity for the licensee to be heard, revoke any license issued under this chapter, upon finding that:(1) The licensee has failed to comply with any demand, ruling, order, or requirement of the director, or the director's designee, lawfully made pursuant to and within the authority of this title;(2) The licensee has violated any provisions of this title or § 6-26-2, or any rule or regulation lawfully made by the director, or the director's designee, under and within the authority of this chapter;(3) Any fact or condition exists that, if it had existed at the time of the original application for the license, would have warranted the director, or the director's designee, in refusing originally to issue the license;(4) The licensee has committed any fraud, engaged in any dishonest activities, or made any misrepresentation;(5) The licensee has violated any provisions of this title or any regulation issued pursuant to this title;(6) The licensee has made a false statement in the application for the license or failed to give a true reply to a question in the application; or(7) The licensee has demonstrated incompetency or untrustworthiness to act as a licensee pursuant to this chapter.(b) The burden of proving the existence of these facts or conditions as grounds for revocation of a license under this section shall be upon the director, or the director's designee. The director, or the director's designee, if he or she has reasonable cause to believe that the grounds for revocation exist, may subpoena and investigate the business, books, and records of the licensee.History of Section.P.L. 1995, ch. 82, § 52.