Title 40 · RI
Title 40Human Services
Citation: R.I. Gen. Laws § 40-14-7
Section: 40-14-7
Title 40Human Services
Chapter 14Equipment 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.