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Rhode Island · Through site files published 2025-08-13 · Newer source version available

R.I. Gen. Laws § 19-14.2-2: Confessions of judgment — Incomplete instruments prohibited.

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Where this section sits in the code
  1. Title 19 Financial Institutions
  2. Chapter 14.2 Small Loan Lenders

No small loan lender shall take any confession of judgment, or any power of attorney, except a power of attorney or power of sale authorizing the small loan lender in case of default in payment of interest or principal, to enforce the provisions of any chattel mortgage or pledge. No small loan lender shall take any note, promise to pay, or security that does not accurately disclose the actual amount of the loan, the time for which it is made, and the agreed rate of interest nor any instrument in which blanks are left to be filled in after execution.

Collected 2026-09-05T19:56:13Z. Source file · JSON

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