Homeownership
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Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.

Insurance;  Property;  Seniors; 

01/23/2025  Introduced, referred to Senate Commerce

Prohibits the use of service agreements that are unfair to an owner of residential real estate who enters into such an agreement or to persons who may become owners of that real estate in the future.

Property;  Real Estate; 

01/31/2025  Introduced, referred to Senate Judiciary
02/07/2025  Scheduled for hearing and/or consideration
02/07/2025  Scheduled for hearing and/or consideration (02/11/2025)
02/11/2025  Committee recommended measure be held for further study

Allows an owner or owners of real property to execute a deed that names one or more beneficiaries who will obtain title to the property at the owner's death without the necessity of probate.

Death;  Probate Practice;  Property; 

01/31/2025  Introduced, referred to Senate Judiciary

Establishes the first time home buyer savings program act. Allows modifications to federal adjusted gross income for $50,000 in contributions and $150,000 of interest and dividends included in federal adjusted gross income.

Housing;  Mortgages;  Property; 

02/26/2025  Introduced, referred to Senate Finance

Allows an individual, who is a first-time homebuyer, to contribute funds to a first- time homebuyers saving account with Rhode Island Housing to pay for eligible costs to purchase a home.

Housing;  Property;  Taxation; 

02/26/2025  Introduced, referred to Senate Finance
02/28/2025  Scheduled for hearing and/or consideration (03/04/2025)
03/04/2025  Committee recommended measure be held for further study (9-0)

Establishes a revolving fund to assist first-time home buyers and veterans to purchase a home in Rhode Island by issuing grants of up to forty thousand dollars ($40,000).

Housing;  Mortgages;  State Affairs;  Veterans; 

02/26/2025  Introduced, referred to Senate Finance
02/28/2025  Scheduled for hearing and/or consideration (03/04/2025)
03/04/2025  Committee recommended measure be held for further study (9-0)

Modifies the real estate sales disclosure form to include the disclosure of “blower door diagnostic air leakage testing” and advises that air leakage testing is recommended prior to purchasing a residential unit.

Business & Professions;  Housing;  Property;  Real Estate; 

02/26/2025  Introduced, referred to Senate Judiciary

Prohibits the use of service agreements that are unfair to an owner of residential real estate who enters into such an agreement or to persons who may become owners of that real estate in the future.

Property;  Real Estate; 

01/24/2025  Introduced, referred to House Judiciary
01/31/2025  Scheduled for hearing and/or consideration (02/04/2025)
02/04/2025  Committee recommended measure be held for further study
02/21/2025  Scheduled for consideration (02/25/2025)
02/25/2025  Committee recommends passage
03/07/2025  Scheduled for reconsideration
03/07/2025  Scheduled for reconsideration (03/11/2025)
03/07/2025  Proposed Substitute

Directs RIHousing to work with stakeholders to investigate and determine ways to assist an incorporated homeowners' association to exercise rights to purchase leased land.

Land/Landfills;  Property; 

02/05/2025  Introduced, referred to House Judiciary

Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.

Housing;  Insurance;  Interest;  Property;  Seniors; 

02/07/2025  Introduced, referred to House Corporations

Provides a framework through which the department of business regulation can seek grants to fund a home hardening program.

Dept. of Business Regulation;  Insurance; 

02/26/2025  Introduced, referred to House Corporations
02/28/2025  Scheduled for hearing and/or consideration (03/04/2025)
03/04/2025  Committee recommended measure be held for further study

Prohibits an insurance carrier from assessing a premium surcharge against an insured for making an inquiry regarding the terms of their policy.

Insurance; 

02/26/2025  Introduced, referred to House Corporations

Establishes the first time home buyer savings program act. Allows modifications to federal adjusted gross income for $50,000 in contributions and $150,000 of interest and dividends included in federal adjusted gross income.

Housing;  Mortgages;  Property; 

02/26/2025  Introduced, referred to House Finance

Requires a person selling real property to provide disclosures as it relates to flooding on the property which occurred either through natural events or mechanical failures.

Business & Professions;  Property;  Real Estate; 

02/28/2025  Introduced, referred to House Corporations
03/07/2025  Scheduled for hearing and/or consideration
03/07/2025  Scheduled for hearing and/or consideration (03/13/2025)

Provides for a home ownership assistance account administered by Rhode Island housing and mortgage finance corporation to expand home ownership.

Mortgages;  Property;  State Affairs; 

02/28/2025  Introduced, referred to House Municipal Government & Housing
03/07/2025  Scheduled for hearing and/or consideration
03/07/2025  Scheduled for hearing and/or consideration (03/11/2025)