Rhode IslandAN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
What it does
Establishes a maximum per annum rate of interest on small loans at ninety-nine percent (99%) and limit the amounts of origination and closing fees. Also requires that late fees and returned payment fees be agreed to in writing between borrower and lender.
Where do you stand?
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 1302/13/2026 Withdrawn at sponsor's requestLatest
- Feb 1202/12/2026 Introduced, referred to House CorporationsIntroduced