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Bill May 22, 2026

AN ACT RELATING TO 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://openstates.org/ri/bills/2026/SB3074/
Bob Britto State Senator John Burke State Senator Cosponsor
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