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 10

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: Senate
Introduced: Jan 23, 2026
Last action: Apr 14, 2026 — 04/14/2026 Committee recommended measure be held for further study
Sponsor: Alana DiMario D
Session: 2026
Momentum: 5 · Stalled