Rhode Island Senate Bill 3074: 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).

Rhode Island · 2026 session

What it does

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).

Latest action

Committee recommended measure be held for further study (2026-04-28)

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