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RI S0386
Bill
Status
Introduced
2/26/2025
Primary Sponsor
Melissa Murray
Click for details
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
5/20/2025
Committee Referrals
Commerce2/26/2025
Full Bill Text
No bill text available