Rhode Island § 19-33-16 § 19-33-16. Exemption.

Rhode Island Statutes

§ 19-33-16 — § 19-33-16. Exemption.

Rhode Island § 19-33-16

Title 19Financial institutions

Ch. 19-33Student Loan Bill of Rights Act

This text of Rhode Island § 19-33-16 (§ 19-33-16. Exemption.) 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 § 19-33-16 (2026).

Text

§ 19-33-16. Exemption.
(a) For the purposes of this chapter, any federal- or state-chartered bank or credit union
            that originates a student education loan or acts as a servicer, and any wholly owned
            subsidiary of a bank or credit union, shall be exempt from the provisions of §§ 19-33-4, 19-33-6 through 19-33-11, inclusive, §§ 19-33-12(9), and 19-33-14.
         
(b) Student loan servicers that are not banks or credit unions operating under federal
            or state charters, nor wholly owned subsidiaries thereof, that service student loans
            on behalf of state- or federal-chartered banks and credit unions, shall not be exempt
            f

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§ 19-33-16. Exemption.

(a) For the purposes of this chapter, any federal- or state-chartered bank or credit union that originates a student education loan or acts as a servicer, and any wholly owned subsidiary of a bank or credit union, shall be exempt from the provisions of §§ 19-33-4, 19-33-6 through 19-33-11, inclusive, §§ 19-33-12(9), and 19-33-14.

(b) Student loan servicers that are not banks or credit unions operating under federal or state charters, nor wholly owned subsidiaries thereof, that service student loans on behalf of state- or federal-chartered banks and credit unions, shall not be exempt from any section of this chapter.