Rhode Island § 19-14-4 § 19-14-4. Annual fee.

Rhode Island Statutes

§ 19-14-4 — § 19-14-4. Annual fee.

Rhode Island § 19-14-4

Title 19Financial institutions

Ch. 19-14Licensed Activities

This text of Rhode Island § 19-14-4 (§ 19-14-4. Annual fee.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-14-4 (2026).

Text

§ 19-14-4. Annual fee.
(a) Each licensee shall pay an annual license fee as follows:
         
(1) Each small-loan lender license and each branch certificate, the sum of five hundred
            fifty dollars ($550);
         
(2) Each loan-broker license and each branch certificate, the sum of five hundred fifty
            dollars ($550);
         
(3) Each lender license and each branch certificate, the sum of one thousand one hundred
            dollars ($1,100);
         
(4) Each currency transmission license, the sum of one thousand dollars ($1,000);
  

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§ 19-14-4. Annual fee.

(a) Each licensee shall pay an annual license fee as follows:

(1) Each small-loan lender license and each branch certificate, the sum of five hundred fifty dollars ($550);

(2) Each loan-broker license and each branch certificate, the sum of five hundred fifty dollars ($550);

(3) Each lender license and each branch certificate, the sum of one thousand one hundred dollars ($1,100);

(4) Each currency transmission license, the sum of one thousand dollars ($1,000);

(5) Each check cashing license, the sum of three hundred sixty dollars ($360);

(6) [Deleted by P.L. 2019, ch. 226, § 1 and P.L. 2019, ch. 246, § 1.]

(7) Each registration to provide debt-management services, the sum of two hundred dollars ($200);

(8) Each mortgage-loan originator license, the sum of four hundred dollars ($400); and

(9) Each third-party loan-servicer license and each branch certificate, the sum of one thousand one hundred dollars ($1,100).

(b) Any licensee who shall not pay the annual fee by December 31 of each year shall be subject to a daily penalty of twenty-five dollars ($25) per day, subject to a maximum of seven hundred fifty dollars ($750). The penalty shall be paid to the director to, and for the use of, the state. The penalty may be waived for good cause by the director, or the director's designee, upon written request.

Legislative History

P.L. 1995, ch. 82, § 52; P.L. 2002, ch. 65, art. 13, § 19; P.L. 2004, ch. 579, § 2; P.L. 2006, ch. 243, § 1; P.L. 2006, ch. 291, § 1; P.L. 2007, ch. 73, art. 16, § 1; P.L. 2007, ch. 244, § 1; P.L. 2007, ch. 251, § 2; P.L. 2009, ch. 68, art. 12, § 1; P.L. 2014, ch. 487, § 1; P.L. 2014, ch. 522, § 1; P.L. 2019, ch. 88, art. 5, § 1; P.L. 2019, ch. 226, § 1; P.L. 2019, ch. 246, § 1.