Rhode Island bills · 2026 Regular Session
Rhode Island HB 7724
AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Serpa (Democratic)
Summary
Official abstract published by the Rhode Island legislature· summary
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 13, 2026 · Legislature
02/13/2026 Withdrawn at sponsor's request - Feb 12, 2026 · House
02/12/2026 Introduced, referred to House Corporations