Rhode Island Payday Loan Laws
 | Min Term of Payday Loan: | 13 days | | Max Fees and Finance Charges: | 15% | | Maximum Loan Amount: | $500 | | Number of Rollovers: | 1 (rollover) | | Outstanding loans allowed at one time: | 3/$500 | | Cool-off period: | Not specified | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | Not specified | | Presentment Limit: | Not specified | | Penalties: | Civil Fines, Suspension or revocations of license; Cease and Desist Order; Criminal | | Private right of action: | Not specified |
Rhode Island Payday Loan Laws:
Rhode Island requires payday lenders to comply with the state’s small loan or criminal usury laws. The APR for a 14-day $100 loan is 390%.
| Payday Loan Laws: |
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