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Rhode Island General Laws Title 40. Human Services § 40-14-7. Interest rates

Current as of January 01, 2024 | Updated by Findlaw Staff

Interest rates for loans from the fund shall be established by the director; provided, however, that those rates shall be substantially lower than the prevailing rate of interest in this state for comparable loans, and shall not exceed five percent (5%). The term of the loan shall not exceed ten (10) years.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 40. Human Services § 40-14-7. Interest rates - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-40-human-services/ri-gen-laws-sect-40-14-7/

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