RI H7724 | 2026 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 12 2026 - 25% progression, died in chamber
Action: 2026-02-13 - Withdrawn at sponsor's request
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 12 2026 - 25% progression, died in chamber
Action: 2026-02-13 - Withdrawn at sponsor's request
Text: Latest bill text (Introduced) [PDF]
Summary
FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS - 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.
Title
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.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-02-13 | House | Withdrawn at sponsor's request |
| 2026-02-12 | House | Introduced, referred to House Corporations |
Subjects
Rhode Island State Sources
| Type | Source |
|---|---|
| Summary | https://status.rilegislature.gov/ |
| Text | https://webserver.rilegislature.gov/BillText26/HouseText26/H7724.pdf |
