Rhode Island § 19-14.2-11 § 19-14.2-11. Maximum term of small loans.

Rhode Island Statutes

§ 19-14.2-11 — § 19-14.2-11. Maximum term of small loans.

Rhode Island § 19-14.2-11

Title 19Financial institutions

Ch. 19-14.2Small Loan Lenders

This text of Rhode Island § 19-14.2-11 (§ 19-14.2-11. Maximum term of small loans.) 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 § 19-14.2-11 (2026).

Text

§ 19-14.2-11. Maximum term of small loans.

No small loan lender shall enter into any contract of loan under this chapter of one thousand dollars ($1,000) or less, excluding charges, under which the borrower agrees to make any scheduled repayment of cash advance or principal more than twenty-five

(25)months from the date of making the contract, nor, any contract of small loan exceeding one thousand dollars ($1,000), but not exceeding five thousand dollars ($5,000), excluding charges, under which the borrower agrees to make any scheduled repayment of cash advance or principal more than sixty (60) months from the date of making the contrac

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§ 19-14.2-11. Maximum term of small loans.

No small loan lender shall enter into any contract of loan under this chapter of one thousand dollars ($1,000) or less, excluding charges, under which the borrower agrees to make any scheduled repayment of cash advance or principal more than twenty-five (25) months from the date of making the contract, nor, any contract of small loan exceeding one thousand dollars ($1,000), but not exceeding five thousand dollars ($5,000), excluding charges, under which the borrower agrees to make any scheduled repayment of cash advance or principal more than sixty (60) months from the date of making the contract. Every contract of small loan shall provide for repayment of the loan in substantially equal installments at approximately equal periodical intervals of time.