Rhode Island § 19-14.1-6 § 19-14.1-6. Assignment of earnings.

Rhode Island Statutes

§ 19-14.1-6 — § 19-14.1-6. Assignment of earnings.

Rhode Island § 19-14.1-6

Title 19Financial institutions

Ch. 19-14.1Lenders and Loan Brokers

This text of Rhode Island § 19-14.1-6 (§ 19-14.1-6. Assignment of earnings.) 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 § 19-14.1-6 (2026).

Text

§ 19-14.1-6. Assignment of earnings.
The payment in money, credit, goods, or things in action, as consideration for any
            sale or assignment of, or order for, the payment of wages, salary, commissions, or
            other compensation for services, whether earned or to be earned, shall, for the purposes
            of regulation under this chapter, be deemed a loan secured by the assignment, and
            the amount that the assigned compensation exceeds the amount of consideration actually
            paid shall, for the purposes of regulation under this chapter, be deemed interest
            upon the loan from the date of the payment to the date the compensation is payable.
            The transaction sh

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§ 19-14.1-6. Assignment of earnings.

The payment in money, credit, goods, or things in action, as consideration for any sale or assignment of, or order for, the payment of wages, salary, commissions, or other compensation for services, whether earned or to be earned, shall, for the purposes of regulation under this chapter, be deemed a loan secured by the assignment, and the amount that the assigned compensation exceeds the amount of consideration actually paid shall, for the purposes of regulation under this chapter, be deemed interest upon the loan from the date of the payment to the date the compensation is payable. The transaction shall be governed by and subject to the provisions of this chapter.