· RI legislature · 2026

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

Alana DiMario (D-RI)

Introduced

2026-01-23

Policy area

Finance and Financial Sector

Latest action

01/23/2026 Introduced, referred to Senate Commerce