· RI legislature · 2025

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

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.

Sponsor

Enrique Sanchez (D-RI)

Introduced

2025-03-12

Policy area

Finance and Financial Sector

Latest action

04/24/2025 Committee recommended measure be held for further study