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S 229 - Prohibits Payday Lending - Rhode Island Key Vote

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Title: Prohibits Payday Lending

Vote Smart's Synopsis:

Vote to pass a bill that prohibits payday lending in Rhode Island.

Highlights:

  • Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders" (Sec. 1-5).

  • Specifies that the provisions of this bill shall take effect beginning January 1, 2027 (Sec. 6).

Full Bill Text

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