Rhode Island § 42-63.5-7.1 § 42-63.5-7.1. Providence Place Project usury exemption.

Rhode Island Statutes

§ 42-63.5-7.1 — § 42-63.5-7.1. Providence Place Project usury exemption.

Rhode Island § 42-63.5-7.1

Title 42State Affairs and Government

Ch. 42-63.5Providence Place Project

This text of Rhode Island § 42-63.5-7.1 (§ 42-63.5-7.1. Providence Place Project usury 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 § 42-63.5-7.1 (2026).

Text

§ 42-63.5-7.1. Providence Place Project usury exemption.
All loans made and other forms of credit extended to any one or more of Providence
            Place Group Limited Partnership, Providence Place Group, LLC, PPG Development of Rhode
            Island, Inc., and/or their respective successors and assigns, in connection with its
            or their acquisition, ownership, development, operation and/or financing of the Providence
            Place Project, as defined in this chapter, shall be exempt from usury laws now or
            hereafter in effect in the state, including, without limitation, those embodied in
            § 6-26-2, as amended, with the effect that all loans and extensions of credit as defined 

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§ 42-63.5-7.1. Providence Place Project usury exemption.

All loans made and other forms of credit extended to any one or more of Providence Place Group Limited Partnership, Providence Place Group, LLC, PPG Development of Rhode Island, Inc., and/or their respective successors and assigns, in connection with its or their acquisition, ownership, development, operation and/or financing of the Providence Place Project, as defined in this chapter, shall be exempt from usury laws now or hereafter in effect in the state, including, without limitation, those embodied in § 6-26-2, as amended, with the effect that all loans and extensions of credit as defined in this chapter shall be exempt from any maximum rate or other limitation on the amount of interest which may be reserved, charged or taken with respect thereto.