The regulatory agency responsible for overseeing the licensing and activities of Rhode Island mortgage professionals is?

The Banking Division is the regulatory agency in Rhode Island responsible for overseeing the licensing and activities of mortgage professionals. This division plays a crucial role in ensuring that mortgage lenders, brokers, and other related professionals comply with state and federal laws governing mortgage practices. It manages the licensing process, maintains standards for financial stability and ethical practices, and conducts regular examinations to ensure compliance within the industry. By performing these functions, the Banking Division helps to protect consumers and maintain integrity in the mortgage market.

The other divisions mentioned, such as the Insurance Division and the Securities Division, oversee different aspects of the financial services industry, focusing on insurance and securities regulations respectively. The Financial Conduct Authority is not relevant to Rhode Island as it pertains to regulatory practices in the United Kingdom. Therefore, the Banking Division is the correct agency for overseeing mortgage professionals in Rhode Island.