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Neutral Bill Mar 16, 2026

Allows a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).

FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS - Allows a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).

https://legiscan.com/RI/bill/H7868/2026
Pat Serpa State Representative
FINANCIAL INSTITUTIONS FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
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