SB 936 Rhode Island Senate · 2025 Regular Session

AN ACT RELATING TO FINANCIAL INSTITUTIONS -- AN ACT ADOPTING THE FEDERAL SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009

Summary

Prohibits an individual who is licensed as both a Rhode Island real estate agent and mortgage loan originator to be compensated for both the sale of the property and the origination or referral of the loan in securing the property.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

House Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Apr 4, 2025 Signed Jun 24, 2025

Floor votes · Senate Jun 10, 2025

How they voted

33–0

Passed · 3 other

Total votes 36

Jun 10, 2025

D Democratic32

29 Yea 3

90% Yea

R Republican4

4 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 24, 2025

Signed into law

06/24/2025 Signed by Governor

executive

Jun 18, 2025

Lower · Passed

06/18/2025 House passed in concurrence

lower

Jun 10, 2025

Upper · Passed

06/10/2025 Senate read and passed

upper

Jun 2, 2025

Legislature · Passed

06/02/2025 Committee recommends passage

legislature

May 13, 2025

Committee

05/13/2025 Committee recommended measure be held for further study

legislature

Apr 4, 2025

Introduced

04/04/2025 Introduced, referred to Senate Commerce

upper

3 primary · 0 co-sponsors