Rhode Island General Laws 34-25.2-11. Exemption
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The provisions of this chapter shall not apply to:
(1) Any national bank, federal savings bank, federal credit union, credit union, or financial institution, as defined under § 19-1-1, or their wholly-owned subsidiary; and
(2) The Federal Housing Administration, the Department of Veterans Affairs, or other state or federal housing finance agencies.
History of Section.
P.L. 2006, ch. 569, § 1; P.L. 2006, ch. 573, § 1; P.L. 2007, ch. 54, § 1; P.L. 2007, ch. 67, § 1; P.L. 2011, ch. 363, § 16.
Terms Used In Rhode Island General Laws 34-25.2-11
- Department: means the department of business regulation. See Rhode Island General Laws 34-25.2-4
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC