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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.
Introduced
Feb 12, 2026
Last Action
Feb 13, 2026
Session
RI 2026
Sponsors
1 primary · 0 co
02/13/2026 Withdrawn at sponsor's request
02/12/2026 Introduced, referred to House Corporations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
02/13/2026 Withdrawn at sponsor's request