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 26, 2025

Last Action

May 20, 2025

Session

RI 2025

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05/20/2025 Committee recommended measure be held for further study

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AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY

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