There is a newer version of the Rhode Island General Laws
2009 Rhode Island Code
Title 40 - Human services
CHAPTER 40-14 - Equipment Loan Fund for People with Disabilities
§ 40-14-7 - Interest rates.
SECTION 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.
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