§ 45-20-104. Cure of Default — Foreclosure
If a lender or servicer asserts that grounds for acceleration exist and requires the payment in full of all sums secured by the security instrument of a high-cost home loan, the borrower, or anyone authorized to act on the borrower’s behalf, shall have the right at any time, prior to three (3) business days prior […]
§ 45-20-105. Purchaser or Assignee of Loan Subject to All Claims and Defenses of the Borrower — Relief Granted — Due Diligence
Notwithstanding any other provision of law, any person who purchases or is otherwise assigned a high-cost home loan shall be subject to all claims and defenses with respect to the high-cost home loan that the borrower could assert against the lender of the high-cost home loan, unless the purchaser or assignee demonstrates, by a preponderance […]
§ 45-20-106. Actions Prohibited to Avoid Application or Provisions of Chapter — Open-End Credit Plan
No person shall, with the intent to avoid the application or provisions of this chapter: Divide a loan transaction into separate parts; Structure a loan transaction as an open-end credit plan for the purpose and with the intent of evading this chapter, when the loan would have been a high-cost home loan if the loan […]
§ 45-20-107. Penalties — Punitive Damages — Remedies — Limitations — Frivolous or Harassment Actions — Notice of Action
Except as provided in § 45-20-108, any lender found by a preponderance of the evidence to have violated this chapter shall be subject to the following: The making of a high-cost home loan that violates one (1) or more of the provisions found in § 45-20-103(1), (4)-(14), (16), (17), or (19)-(21), or § 45-20-106 is […]
§ 45-18-122. Licensing Through Multi-State Automated Licensing System
In addition to any other powers imposed upon the commissioner by law, the commissioner is authorized to require persons subject to this chapter to be licensed through a multi-state automated licensing system. Pursuant to this authority, the commissioner may: Promulgate any rules reasonably necessary for participation in, transition to, or operation of a multi-state automated […]
§ 45-18-123. Agent for Channeling Information
The commissioner is authorized to use a multi-state automated licensing system as an agent for channeling information, whether criminal or noncriminal in nature, and whether derived from or distributed to the United States department of justice, any other state or federal governmental agency, or any other source, that the commissioner is authorized to request or […]
§ 45-18-114. Required Records
Each licensee shall make, keep and preserve the books, accounts, records, and documents as the commissioner may determine by rule. All records of the check cashing business shall be maintained separately by the licensee from any other business in which the licensee may engage.
§ 45-18-115. Suspension or Revocation of License
After notice and an opportunity for a hearing, the commissioner may suspend or revoke a license if the commissioner finds that: Any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds for denying the application; The licensee violates any provision of […]
§ 45-18-116. Hearing
The Uniform Administrative Procedures Act, compiled in title 4, chapter 5, applies to any hearing afforded pursuant to this chapter.
§ 45-18-117. Civil Penalties
If, after notice and an opportunity for a hearing, the commissioner finds that a person has violated this chapter or a rule adopted under this chapter, the commissioner may, in addition to all other powers conferred in this chapter: Order the person to cease and desist violating the chapter or its rules and require the […]