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RI Department of Business Regulation - Press Releases



 



Decision Affirming Constitutionality of Rhode Island's Solvent Insurer's Commutation Plan Makes State Attractive to Insurers in Run-Off

Fri, 29 Apr 2011 08:30:00 GMT

Contact: Joe Torti Office: 401-462-9620 jtorti@dbr.ri.gov FOR IMMEDIATE RELEASE April 27, 2011 Decision Affirming Constitutionality of Rhode Island's Solvent Insurer's Commutation Plan Makes State Attractive to Insurers in Run-Off New York/Providence â€" (April 27, 2011) â€" In a decision...



State of Rhode Island Reviews First-Ever Proposed Discharge and Liquidation of Obligations of a Solvent Insurer in U.S.

Tue, 27 Jul 2010 13:45:00 GMT

On July 21, 2010, GTE REinsurance Company Limited (“GTE RE”), a solvent reinsurer based in Providence, R.I., appeared before the Providence County Superior Court at a hearing to obtain approval to put an unprecedented Commutation Plan before the reinsurer’s creditors so they may vote for its...



Loan Modifications

Tue, 16 Jun 2009 04:00:00 GMT

Press Release June 15, 2009 LOAN MODIFICATIONS The Division of Banking (“Division”) of the Department of Business Regulation finds that a position statement regarding loan modifications is necessary in order to provide clarity to the industry and to consumers. The Division has learned...



Rhode Island Department of Business Regulation Online Service Wins National Award

Mon, 17 Nov 2008 19:15:00 GMT

PROVIDENCE, RI â€" The State of Rhode Island Department of Business Regulation’s online liquor product label registration service has been named a 2008 Excellence Award winner by the National Electronic Commerce Coordinating Council (eC3). The annual Excellence Awards recognize innovative e-...



Important Reminder from the Division of Banking - Mortgage Loan Originator Filing Deadline: March 31, 2008

Wed, 26 Mar 2008 12:30:00 GMT

Important Reminder from the Division of Banking Mortgage Loan Originator Filing Deadline: March 31, 2008 The deadline for individuals wishing to register as a Rhode Island Mortgage Loan Originator is Monday, March 31, 2008. Registrants must complete and submit a Form MU4 through the...



Rhode Island Department of Business Regulation Division of Banking and Securities ("Division") Announces Its Participation in the Conference of State Bank Supervisors ("CSBS") and American Association of Residential Mortgage Regulators ("AARMR") Nationwid

Fri, 05 Oct 2007 13:45:00 GMT

A. Michael Marques, Director of the Department of Business Regulation announced today that, on January 2, 2008, the Division will begin participation in the NMLS that had been developed by the CSBS and the AARMR. Rhode Island's participation was made possible by enabling legislation that was...



Director A. Michael Marques of the Rhode Island Department of Business Regulation and Attorney General Patrick C. Lynch announce that 5,860 Rhode Island Consumers are Eligible for $3.5 Million in Ameriquest Restitution

Thu, 12 Jul 2007 08:15:00 GMT

Director A. Michael Marques of the Rhode Island Department of Business Regulation and Attorney General Patrick C. Lynch announce that 5,860 Rhode Island Consumers are Eligible for $3.5 Million in Ameriquest Restitution Claim forms are going to eligible consumers, who must submit claims by...



Department of Business Regulation Fines Morgan Stanley $250,000 for Improper Supervision

Thu, 05 Jul 2007 13:45:00 GMT

DEPARTMENT OF BUSINESS REGULATION FINES MORGAN STANLEY $250,000 FOR IMPROPER SUPERVISION The Director of the Department of Business Regulation, A. Michael Marques, announced today that securities broker-dealer Morgan Stanley & Co., Incorporated (formerly Morgan Stanley DW, Inc.) has paid a



DBR RELEASES CONFIDENTIAL DRAFT REPORT TO BEACON MUTUAL

Wed, 21 Feb 2007 08:45:00 GMT

DBR RELEASES CONFIDENTIAL DRAFT REPORT TO BEACON MUTUAL PROVIDENCE - Department of Business Regulation (“DBR”) Director A. Michael Marques said today that it transmitted to the Beacon Mutual Insurance Company its Market Conduct Report in draft form on February 19, 2007. DBR has been...



REAL ESTATE AGENTS CAN RENEW LICENSES ONLINE

Wed, 19 Apr 2006 15:00:00 GMT

New Service Stems from Governor’s Big Audit/Fiscal Fitness Program Rhode Island realtors now have an easier way to renew their broker and sales licenses through a new online service offered by the Rhode Island Department of Business Regulation (DBR). The Real Estate Broker and Salesperson...