Rhode Island General Laws 42-11.1-11. Chapter to control – Contractual waiver void
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No contract entered into after January 1, 1988 shall contain any provision requiring the payment of interest in a manner inconsistent with this chapter, and any provision contained in the contract which waives the right to the payment of interest is hereby declared to be contrary to public policy and wholly void.
History of Section.
P.L. 1987, ch. 73, § 1.
Terms Used In Rhode Island General Laws 42-11.1-11
- Contract: A legal written agreement that becomes binding when signed.