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RI H6055

Bill

Status

Introduced

3/12/2025

Primary Sponsor

Brandon Potter

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

Legislative Description

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.

Commercial Law

Last Action

Committee recommended measure be held for further study

4/24/2025

Committee Referrals

Corporations3/12/2025

Full Bill Text

No bill text available