Rhode Island § 19-14.2-7 § 19-14.2-7. Assignment of wages simultaneous with loan — Liens on furniture.

Rhode Island Statutes

§ 19-14.2-7 — § 19-14.2-7. Assignment of wages simultaneous with loan — Liens on furniture.

Rhode Island § 19-14.2-7

Title 19Financial institutions

Ch. 19-14.2Small Loan Lenders

This text of Rhode Island § 19-14.2-7 (§ 19-14.2-7. Assignment of wages simultaneous with loan — Liens on furniture.) 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 § 19-14.2-7 (2026).

Text

§ 19-14.2-7. Assignment of wages simultaneous with loan — Liens on furniture.
No assignment of, or order for, payment of any salary, wages, commissions, or other
            compensation for services, earned or to be earned, given to secure any loan made by
            any small loan lender under this chapter, shall be valid unless the amount of the
            loan is paid to the borrower simultaneously with its execution; nor shall the assignment
            or order, or any chattel mortgage or other lien on household furniture then in the
            possession and use of the borrower, be valid unless it is in writing, signed in person
            by the borrower, nor if the borrower is married unless it is signed in

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§ 19-14.2-7. Assignment of wages simultaneous with loan — Liens on furniture.

No assignment of, or order for, payment of any salary, wages, commissions, or other compensation for services, earned or to be earned, given to secure any loan made by any small loan lender under this chapter, shall be valid unless the amount of the loan is paid to the borrower simultaneously with its execution; nor shall the assignment or order, or any chattel mortgage or other lien on household furniture then in the possession and use of the borrower, be valid unless it is in writing, signed in person by the borrower, nor if the borrower is married unless it is signed in person by both husband and wife, provided that written assent of a spouse shall not be required when husband and wife have been living separate and apart for a period of at least five (5) months prior to the making of the assignment, order, mortgage, or lien.