This legal document governs the process of converting a Credit Union into a mutual form of Financial Institution or financial services entity. It applies to Credit Unions chartered under the Rhode Island General Laws. The document outlines the conditions that must be satisfied for the conversion to take place, including the approval of a conversion plan by the board of directors, compliance with relevant laws, and obtaining necessary regulatory approvals. It also specifies the contents of the plan of conversion, the interests of members in the resulting financial institution, and the fairness considerations to be evaluated by the Director.

This regulation, part of the Rhode Island Code of Regulations, governs various aspects related to credit unions. It establishes the procedures and policies for credit union by-laws, requiring their approval by the Director. The regulation also outlines the eligibility criteria and qualifications for members of the credit union’s supervisory committee. It prohibits credit unions from offering more favorable loan terms to officers, directors, or committee members and requires compliance with federal deposit insurance rules and regulations.

This legal document governs the Mortgage Foreclosure Disclosure requirements for Mortgagees and Mortgagors of Residential Real Estate in Rhode Island. It applies to Mortgagors, Mortgagees, and Mediation Coordinators involved in mortgage foreclosure proceedings in Rhode Island. The Rhode Island Department of Business Regulation, Division of Banking is responsible for enforcing these requirements. The document requires Mortgagees to provide a Notice of Mediation Conference to the Mortgagor prior to initiating foreclosure. The Notice must be provided at the address of the Residential Real Estate and, if different, at the address designated by the Individual Consumer Mortgagor.

This document outlines the requirements for check cashers in Rhode Island. It covers various aspects related to security measures, liquid assets, cash sheets, log sheets, dishonored checks, currency and foreign transactions reporting, inventory and reconciliation, altered checks, money laundering, charges, and financial statements. Check cashers are required to comply with security measures such as installing alarm systems, camera surveillance systems, and bulletproof glass. They must also maintain liquid assets of at least $10,000, prepare daily cash sheets, maintain written logs of transactions, and keep registers of dishonored checks.

The provided legal document content covers various aspects of banking regulations in Rhode Island. It includes the record retention requirements for money servicers and debt collectors, as well as the procedures and requirements for mutual holding companies operating in Rhode Island. The document also covers lending regulations, including the regulation of interest on escrow accounts, home loans, derivative transactions in lending limits, and mortgage foreclosure disclosure. Additionally, there are regulations governing credit unions in Rhode Island, including procedures for credit union by-laws, eligibility criteria for members of the credit union’s supervisory committee, and requirements for compliance with federal deposit insurance laws.

The provided legal document governs the conduct of games of chance in Rhode Island. It applies to licensed organizations conducting such games. The location where the games are conducted must be accessible to Rhode Island State Police personnel for verification and compliance with rules and regulations. Only bona fide members of the licensed organization can conduct the games without any compensation. Participants must be at least 18 years old. The document prohibits certain games such as craps, roulette, and blackjack.

This document, part of the Rhode Island Code of Regulations, specifically the Department of Revenue’s Division of Taxation, pertains to the record requirements for Sales and Use Tax. It states that in a detailed audit, the Tax Administrator and/or their agents must be able to ensure the accuracy and completeness of the transaction records recorded in the taxpayer’s record-keeping system, including magnetic or electronic POS systems. The document outlines various criteria that would render a taxpayer’s records inadequate, such as failure to verify sales receipts, failure to verify taxable status of purchases, and failure to make records available to the Tax Administrator.

This regulation, part of the Rhode Island Code of Regulations, governs various aspects related to credit unions in Rhode Island. It establishes procedures and policies for credit union by-laws, requiring their approval by the Director. The regulation also outlines the eligibility criteria and qualifications for members of the credit union’s supervisory committee. It prohibits credit unions from offering more favorable loan terms to officers, directors, or committee members and requires compliance with federal deposit insurance rules and regulations.

The provided legal document content covers various aspects of lending regulations in Rhode Island. It includes the regulation of interest on escrow accounts, home loans, derivative transactions in lending limits, and mortgage foreclosure disclosure. The regulation of interest on escrow accounts establishes procedures for the implementation of provisions related to escrow accounts and interest. Mortgagees are required to credit interest on escrow accounts at the specified rate and provide notice to the mortgagor.

The Mutual Holding Companies Procedures govern Rhode Island financial institutions operating in mutual form. It provides procedures, requirements, and options for the reorganization of mutual financial institutions into mutual holding companies and the issuance of securities by resulting subsidiary financial institutions or subsidiary holding companies. The document defines various terms used in the regulation and clarifies that ‘board of trustees’ and ‘board of directors’ are interchangeable. It outlines the conditions for reorganizations, including board approval, filing of a Reorganization Plan and Application, approval by depositors, obtaining necessary regulatory approvals, and maintaining federally insured deposits.