Rhode Island bills · 2026 Regular Session
Rhode Island HB 7850
AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Handy (Democratic)
Summary
Official abstract published by the Rhode Island legislature· summary
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Mar 3, 2026 · Legislature
03/03/2026 Committee recommended measure be held for further study - Feb 27, 2026 · Legislature
02/27/2026 Scheduled for hearing and/or consideration (03/03/2026) - Feb 27, 2026 · House
02/27/2026 Introduced, referred to House Corporations