Rhode Island § 42-116-35 § 42-116-35. Excess interest forfeiture.

Rhode Island Statutes

§ 42-116-35 — § 42-116-35. Excess interest forfeiture.

Rhode Island § 42-116-35

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-35 (§ 42-116-35. Excess interest forfeiture.) 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 § 42-116-35 (2026).

Text

§ 42-116-35. Excess interest forfeiture.
Any person or entity who entered into an agreement with any institution subject to
            receivership pursuant to the Rhode Island Depositors Economic Protection Act for an
            interest rate above the highest publicly posted rate forfeits all of that interest
            in excess of the posted rate from the date of initial deposit.
         

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§ 42-116-35. Excess interest forfeiture.

Any person or entity who entered into an agreement with any institution subject to receivership pursuant to the Rhode Island Depositors Economic Protection Act for an interest rate above the highest publicly posted rate forfeits all of that interest in excess of the posted rate from the date of initial deposit.