Rhode Island S2015 removes the exemption for lenders originating fewer than six loans in a year.

Rhode Island S2015 amends the state's General Laws to eliminate the exemption for lenders who originate fewer than six loans within a twelve-month period. This change means that lenders who engage in fewer than six loan originations will no longer be exempt from the licensing requirements. The amendment takes effect upon passage.

Rhode Island S2015 removes the exemption for lenders originating fewer than six loans in a year.

Rhode Island S2015 amends the state's General Laws to eliminate the exemption for lenders who originate fewer than six loans within a twelve-month period. This change means that lenders who engage in fewer than six loan originations will no longer be exempt from the licensing requirements. The amendment takes effect upon passage.