Title 40
Human Services

Chapter 14
Equipment Loan Fund for People with Disabilities

R.I. Gen. Laws § 40-14-7

§ 40-14-7. Interest rates.

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.

History of Section.
P.L. 1988, ch. 611, § 1.