Bill Sponsor
Rhode Island House Bill 7724
Session 2026
AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
Active
Active
Withdrawn on Feb 13, 2026
First Action
Feb 12, 2026
Latest Action
Feb 13, 2026
Origin Chamber
House
Type
Bill
Bill Number
7724
State
Rhode Island
Session
2026
Sponsorship by Party
Democrat
Primary
House Votes (0)
House votes are unavailable for this bill.
Summary
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.
Actions (2)
02/13/2026
Rhode Island General Assembly
02/13/2026 Withdrawn at sponsor's request
02/12/2026
House
02/12/2026 Introduced, referred to House Corporations
Sources
Record Created
Feb 12, 2026 8:40:28 PM
Record Updated
Mar 17, 2026 8:49:00 PM