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HB 8103

AN ACT RELATING TO PROPERTY -- MORTGAGE FORECLOSURE AND SALE

2026 Regular Session Introduced by Matthew Dawson

HB 8103 modifies Rhode Island's mortgage foreclosure and property sale procedures, balancing homeowner protections against lender efficiency in distressed property transactions.

05/05/2026 Referred to Senate Judiciary
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Bill Summary · HB 8103

Legislative bill overview

HB 8103 addresses procedures and regulations governing mortgage foreclosure and property sales in Rhode Island. The bill was introduced in February 2026 and referred to the House Judiciary Committee, where it received a recommendation for further study in March before being scheduled for full consideration in April.

Why is this important

Foreclosure and mortgage sale procedures directly affect homeowners facing financial distress, lenders' ability to recover on loans, and the stability of local housing markets. Changes to foreclosure law can significantly impact both consumer protections and the efficiency of the lending system.

Potential points of contention

  • Consumer protection vs. lender efficiency: Strengthening homeowner protections (notice periods, right to cure, judicial oversight) may slow foreclosures and increase lender costs, while streamlining processes could accelerate displacement
  • Judicial vs. non-judicial foreclosure: The bill may shift between court-supervised foreclosures and lender-initiated sales, affecting transparency and homeowner recourse
  • Timeline and notice requirements: Adjustments to notification periods and sale timelines will impact both borrowers' opportunity to remedy defaults and lenders' timeline for asset recovery

Compiled from official sources — confirm details with the bill’s official record.

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