Rhode Island § 19-14.2-2 § 19-14.2-2. Confessions of judgment — Incomplete instruments prohibited.

Rhode Island Statutes

§ 19-14.2-2 — § 19-14.2-2. Confessions of judgment — Incomplete instruments prohibited.

Rhode Island § 19-14.2-2

Title 19Financial institutions

Ch. 19-14.2Small Loan Lenders

This text of Rhode Island § 19-14.2-2 (§ 19-14.2-2. Confessions of judgment — Incomplete instruments prohibited.) 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 § 19-14.2-2 (2026).

Text

§ 19-14.2-2. Confessions of judgment — Incomplete instruments prohibited.
No small loan lender shall take any confession of judgment, or any power of attorney,
            except a power of attorney or power of sale authorizing the small loan lender in case
            of default in payment of interest or principal, to enforce the provisions of any chattel
            mortgage or pledge. No small loan lender shall take any note, promise to pay, or security
            that does not accurately disclose the actual amount of the loan, the time for which
            it is made, and the agreed rate of interest nor any instrument in which blanks are
            left to be filled in after execution.
         

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§ 19-14.2-2. Confessions of judgment — Incomplete instruments prohibited.

No small loan lender shall take any confession of judgment, or any power of attorney, except a power of attorney or power of sale authorizing the small loan lender in case of default in payment of interest or principal, to enforce the provisions of any chattel mortgage or pledge. No small loan lender shall take any note, promise to pay, or security that does not accurately disclose the actual amount of the loan, the time for which it is made, and the agreed rate of interest nor any instrument in which blanks are left to be filled in after execution.