{"data":{"id":"us-ri/r.i.-gen.-laws-19-14.2-8","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 19-14.2-8","heading":"Maximum loan and interest rate.","body":"Every small loan lender may lend up to five thousand dollars ($5,000) in the aggregate to one borrower and may charge, contract for, and receive on the loan interest on the unpaid principal balance on a loan at a rate not exceeding the following:\n(1) Loans up to and including three hundred dollars ($300), three percent (3%) per month;\n(2) Loans exceeding three hundred dollars ($300) but not exceeding eight hundred dollars ($800), two and one-half percent (2.5%) per month; and\n(3) Loans exceeding eight hundred dollars ($800), but not exceeding five thousand dollars ($5,000), two percent (2%) per month.","path":["Title 19 Financial Institutions","Chapter 14.2 Small Loan Lenders"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE19/19-14.2/19-14.2-8.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:56:13Z","sha256":"cf429c80ee381e84705e43d305968531296c77d23483d269af2bf06b16375da8","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-19-14.2-7","next":"us-ri/r.i.-gen.-laws-19-14.2-9"},"notice":"GroundRules: Original legal text. Not legal advice."}