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HB 7072

  • Rhode Island House Bill
  • 2022 Regular Session
  • Introduced in House Jan 12, 2022
  • House
  • Senate
  • Governor

AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CHECK CASHING -- PAYDAY LOANS (Caps the APR for payday loans at 28%. Requires 90-day maturity date. Prohibits fees/interest payments in excess of 60% of principal. Requires monthly payments of no more than 25% of original principal amount.)

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Abstract

Bill Sponsors (4)

J Lombardi

     
Primary

Liana Cassar

  • Democratic
Primary

David Morales

  • Democratic
  • Representative
  • District 7
Primary

Jose Batista

  • Democratic
  • Representative
  • District 12
Primary

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Apr 27, 2022

Rhode Island General Assembly

04/27/2022 Committee recommended measure be held for further study

Apr 22, 2022

Rhode Island General Assembly

04/22/2022 Scheduled for hearing and/or consideration (04/27/2022)

Jan 12, 2022

House

01/12/2022 Introduced, referred to House Finance

Bill Text

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7072 PDF

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Sources

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