Allows RI to opt out of the provisions of DIDMCA exempting out of state lenders from interest rate limits which apply to RI lenders. Prevents evasion of statutory interest rate limits and lending rules for loans made in RI.
Allows Rhode Island to opt out of provisions of Depository Institutions Deregulation and Monetary Control Act of 1980 which allow financial institutions chartered in states other than Rhode Island to be exempt from interest rate limits set by RI.
Removes the exemption from interest rate limits provided by the Depository Institutions Deregulation and Monetary Control Act of 1980, for all loans made within the state of Rhode Island.
Amends outdated provisions of the banking statutes and the home loan protection act, adds consumer protections, including minimum capital requirements and limits on investments, for currency transmitters, including crypto currency.
Amends outdated provisions of the banking statutes and the home loan protection act, adds consumer protections, including minimum capital requirements and limits on investments, for currency transmitters, including crypto currency.
Relating to reporting ownership of mineral interests severed from the surface estate and the vesting of title by judicial proceeding to certain abandoned mineral interests.