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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.
Introduced
Feb 27, 2026
Last Action
Mar 3, 2026
Session
RI 2026
Sponsors
1 primary · 0 co
03/03/2026 Committee recommended measure be held for further study
02/27/2026 Introduced, referred to House Corporations
02/27/2026 Scheduled for hearing and/or consideration (03/03/2026)
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
03/03/2026 Committee recommended measure be held for further study