Rhode Island

Legal Status

Legal

Citation

R.I. Stat. Ann. 19-14.4-1

Loan Terms

Maximum Loan Amount: 500

Loan Term: 13

APR for 14-day $100 Loan: 0%

Debt Limits

Maximum Number of Outstanding Loans at One Time: $500 per lender, max of 3 separate loans. R.I. Gen. Laws § 19-14.4-5.1

Rollovers Permitted: 1 Permitted per loan. R.I. Gen. Laws § 19-14.4-5.1

Cooling-off Period: Silent

Repayment Plan: Silent

Collection Limits

Collection Fees: Silent

Criminal Action: Silent