Rhode Island · 2025 Regular Session · Bill
SB 83: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LENDERS AND LOAN BROKERS
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 83 is a bill introduced in the Rhode Island Senate on January 31, 2025. According to its official title, it concerns: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LENDERS AND LOAN BROKERS. Primary sponsor: Todd Patalano (Democratic), Matt LaMountain (Democratic), Victoria Gu (Democratic), Frank Ciccone (Democratic), Sue Sosnowski (Democratic), Walter Felag (Democratic), Mark McKenney (Democratic), John Burke (Democratic), Brian Thompson (Democratic), Lou Raptakis (Democratic). Most recent recorded action (May 9, 2025): 05/09/2025 Referred to House Corporations.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Removes the licensing exemption for a lender that originates less than six (6) loans in twelve (12) consecutive months.
Sponsors
Sponsors by party (alphabetical): Democratic 10
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Todd Patalano | Primary sponsor | Democratic | Senate | 26 |
| Matt LaMountain | Primary sponsor | Democratic | Senate | 31 |
| Victoria Gu | Primary sponsor | Democratic | Senate | 38 |
| Frank Ciccone | Primary sponsor | Democratic | Senate | 7 |
| Sue Sosnowski | Primary sponsor | Democratic | Senate | 37 |
| Walter Felag | Primary sponsor | Democratic | Senate | 10 |
| Mark McKenney | Primary sponsor | Democratic | Senate | 30 |
| John Burke | Primary sponsor | Democratic | Senate | 9 |
| Brian Thompson | Primary sponsor | Democratic | Senate | 20 |
| Lou Raptakis | Primary sponsor | Democratic | Senate | 33 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 05/09/2025 Referred to House Corporations
- 05/08/2025 Senate read and passed
- 05/01/2025 Placed on Senate Calendar (05/08/2025)
- 05/01/2025 Committee recommends passage
- 04/29/2025 Scheduled for consideration (05/01/2025)
- 04/21/2025 Meeting postponed (04/22/2025)
- 04/18/2025 Scheduled for consideration
- 03/25/2025 Committee recommended measure be held for further study
- 03/21/2025 Scheduled for hearing and/or consideration (03/25/2025)
- 01/31/2025 Introduced, referred to Senate Commerce