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Current as of January 01, 2024 | Updated by Findlaw Staff
Every licensee who is the holder of any small loan note shall deliver to the borrower, at the time any small loan is made, a statement of the law regarding interest rate and term limitations, in plain English, showing in clear and distinct terms the amount and date of the loan and of its maturity; the nature of the security, if any, for the loan; the name and address of the borrower and of the licensee; and the agreed rate of interest.
Cite this article: FindLaw.com - Rhode Island General Laws Title 19. Financial Institutions § 19-14.2-13. Additional documents delivered to borrower - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-19-financial-institutions/ri-gen-laws-sect-19-14-2-13/
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