Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateRhode IslandTo Governor
HB 8104: AN ACT RELATING TO PROPERTY -- MORTGAGES OF REAL PROPERTY
Carol McEntee
HB 8104 status: To Governor — 06/26/2026 Effective without Governor's signature (updated Jun 26, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
50OUT OF 100
Score:50/100 civic fit — mixed
Risk:Moderate Risk
Impact:Moderate Impact 40/100
Constitutionality85%
Bipartisan50%
Public opinion50%
Bill summary
What changes
HB 8104 restricts the application of state-mandated mortgage prepayment rules exclusively to mortgages on owner-occupied properties consisting of one to four dwelling units.
Who is affected
Owner-occupants of 1-4 unit residential properties, real estate investors, and mortgage lenders.
Requirements and enforcement
Lenders must identify property occupancy status to determine which mortgage prepayment regulations apply.
Costs and funding
Not stated in the available source.
When it takes effect
Effective as of June 26, 2026.
Potential benefits
Provides regulatory consistency and focus for residential owner-occupant protections.
Risks and tradeoffs
Potential loss of consumer protections for individuals investing in non-owner-occupied residential real estate.
What is still unknown
The bill does not specify how these changes apply to existing mortgage contracts versus new originations.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Mixed / Neutral
50%
Benefits
- Increases regulatory clarity for mortgage lenders.
- Standardizes rules specifically for owner-occupied dwellings.
- Reduces compliance complexity for commercial-purpose mortgages.
Risks
- Limits existing borrower protections for non-residential properties.
- Creates a two-tiered mortgage regulatory environment.
- Introduces potential for classification disputes during underwriting.
Society
Mixed / Neutral
50%
Benefits
- Provides clear legal protections for primary residential homeowners.
- Standardizes rights for owner-occupants of one to four units.
- Enhances regulatory certainty in consumer residential lending.
Risks
- Diminishes regulatory protections for small-scale residential investors.
- Removes potential protections for borrowers of secondary properties.
- Creates disparity in rights based on property occupancy status.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Borrowers of non-owner-occupied properties may lose regulatory protections regarding prepayment penalties previously afforded under state law.
Analysis scope
Analysis based solely on abstract; full text of mortgage statutes not reviewed.
04
Where it stands
Official record- IntroducedComplete
- CommitteeComplete
- Chamber votesComplete
- Final agreementComplete
- GovernorCurrent
- EnactedUpcoming
05
How it affects your district
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06
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