Which authority typically oversees mortgage lending practices in Rhode Island?

The Rhode Island Department of Business Regulation is the authority responsible for overseeing mortgage lending practices in Rhode Island. This department ensures compliance with state laws that govern mortgage lending, including licensing of lenders and monitoring their practices to protect consumers. It plays a crucial role in enforcing regulations that maintain fair lending standards and support the integrity of the mortgage market within the state.

While the Federal Housing Administration and the Federal Reserve System have important roles in housing and financial regulations at the federal level, they do not specifically oversee the state's mortgage practices. The Rhode Island Supreme Court, as part of the judiciary, deals with legal disputes and interpretations of law rather than direct regulation or oversight of mortgage lending practices. Thus, the Department of Business Regulation is the correct authority to reference in this context.