RI HB 7724
withdrawnAN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
Rhode Island · 2026 Regular Session · lower
Quick answers
Did RI HB 7724 pass?
No. RI HB 7724 was withdrawn on 2026-02-13 and is no longer under consideration. Latest recorded action (2026-02-13): 02/13/2026 Withdrawn at sponsor's request
What is RI HB 7724 about?
Establishes a maximum per annum rate of interest on small loans at ninety-nine percent (99%) and limit the amounts of origination and closing fees. Also requires that late fees and returned payment fees be agreed to in writing between borrower and lender.
Who sponsors RI HB 7724?
Serpa is the primary sponsor of RI HB 7724.
Description
Establishes a maximum per annum rate of interest on small loans at ninety-nine percent (99%) and limit the amounts of origination and closing fees. Also requires that late fees and returned payment fees be agreed to in writing between borrower and lender.
- Introduced
- 2026-02-12
- Latest action
- 2026-02-13 — 02/13/2026 Withdrawn at sponsor's request
- Bill type
- bill
- Last updated
- —
Sponsors
- Serpaprimary
Committees
Not provided by source.
Action timeline
2026-02-12
02/12/2026 Introduced, referred to House Corporations
introduction,referral-committee
2026-02-13
02/13/2026 Withdrawn at sponsor's request
withdrawal
Versions
- 7724Compare
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:31:46.990152Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=RI&identifier=HB 7724. See the API docs or the MCP server for AI assistants.
Known limitations
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