State Government Press Releases

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04/29/2011
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 – (April 27, 2011) – In a decision that...
07/27/2010
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...
06/16/2009
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 of...
11/17/2008
PROVIDENCE, RI – 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-...
03/26/2008
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...
10/05/2007
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...
07/12/2007
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...
07/05/2007
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 two-
02/22/2007
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...
04/19/2006
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...