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Payday loan laws in Rhode Island

  • Status: Legal; applies to check cashers only (R.I. Stat. Ann. 19-14.4-1 et seq.)
For Lenders

Lending specifications:

  • Maximum loan amount: $500
  • Loan tenure: 13 days
  • Fees and finance charges: 10%
  • Finance charge on a 14-day $100 loan: $10
  • APR on 14-day $100 loan: 260%

Collection restrictions:

  • Collection fees: Not Specified
  • Criminal procedures: Not Specified
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: 3*$500
  • Rollovers allowed: One

Complaint cell:

  • Regulator: Rhode Island Department of Business Regulation
  • Address: Division of Banking, 233 Richmond Street, Suite 231 Providence RI 02903
  • Phone: (401) 222-2405
  • Fax: (401) 222-5628
  • Regulatory contact: Dennis F. Ziroli, Assoc. Director & Supt.
  • Website:
  • File complaint:

Last Updated on: Wed, 6 Dec 2017