AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 3 Sponsors 7

Allows RI to opt out of the provisions of DIDMCA exempting out of state lenders from interest rate limits which apply to RI lenders. Prevents evasion of statutory interest rate limits and lending rules for loans made in RI.

Chamber: House
Introduced: Mar 12, 2025
Last action: Apr 24, 2025 — 04/24/2025 Committee recommended measure be held for further study
Sponsor: Joshua Giraldo D
Session: 2025
Momentum: 5 · Stalled