2026 Regular Session

H7868

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).

Introduced·2/27/26

Prefiled

Introduced2/27/26

Chamber Passed

Final Passage

Complete

Introduced Text

Rhode Island H7868 allows lenders to charge origination fees, increase interest rates, and collect monthly service fees on small loans.

Rhode Island H7868 amends the state's small loan laws to allow lenders to charge an origination fee, increase interest rates, and collect a monthly service fee on loans up to $300 but not exceeding $5,000. The bill specifies different interest rates and service fees based on the loan amount. The changes take effect upon passage.

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Where it stands

Current: Corporations Committee
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H7868

Where it stands

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H7868

Where it stands

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H7868

Where it stands

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H7868

Where it stands

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Calendar

History