SB 2206

Rhode Island Senate bill in Session 2026.

Status: in_committee. Latest action: April 14, 2026.

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

Bill ID RI-2026-SB-2206
Session 2026
Status in_committee
Senate in_committee 2026-04-14
Summary

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
Bell
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-23 Introduced Bill introduced
2026-04-14 Status in_committee
2026-04-14 Latest Action Committee recommended measure be held for further study
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