There is a newer version of the Rhode Island General Laws
2014 Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-116 - Rhode Island Depositors Economic Protection Corporation
Section 42-116-35 - Excess interest forfeiture.
RI Gen L § 42-116-35 (2014) What's This?
§ 42-116-35 Excess interest forfeiture. – Any person or entity who entered into an agreement with any institution subject to receivership pursuant to the Rhode Island Depositors Economic Protection Act for an interest rate above the highest publicly posted rate forfeits all of that interest in excess of the posted rate from the date of initial deposit.
History of Section.
(P.L. 1991, ch. 3, § 4.)
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