Bill
SB 3196
AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS
2026 Regular Session
Introduced by Matt LaMountain and 1 co-sponsor
SB 3196 brings litigation lending agreements under RI usury laws, treating repayments above advances as interest and capping costs regardless of contract terms.
04/16/2026 Committee recommended measure be held for further study