§ 6-26-1. Legal rate of interest — Post judgment interest.
Post judgment interest on any judgment, and interest in all business transactions where interest is secured or paid, shall be computed at the rate of twelve dollars ($12.00) on one hundred dollars ($100) for one year, unless a different rate is expressly stipulated.
History of Section.G.L. 1896, ch. 166, § 11; G.L. 1909, ch. 201, § 6; G.L. 1923, ch. 228, § 6; G.L. 1938, ch. 485, § 1; G.L. 1956, § 6-26-1; P.L. 1981, ch. 54, § 2; P.L. 1988, ch. 129, art. 21, § 1; P.L. 1989, ch. 555, § 3.
Structure Rhode Island General Laws
Title 6 - Commercial Law – General Regulatory Provisions
Chapter 6-26 - Interest and Usury
Section 6-26-1. - Legal rate of interest — Post judgment interest.
Section 6-26-2. - Maximum rate of interest.
Section 6-26-3. - Criminal usury.
Section 6-26-4. - Usurious contracts — Penalty.
Section 6-26-5. - Pawnbrokers exempt.
Section 6-26-6. - Damages and interest on foreign protested bill of exchange.
Section 6-26-7. - Action on foreign protested bill.
Section 6-26-8. - Damages and interest on inland protested bill.
Section 6-26-9. - Penalty for possession of records of usurious transactions.
Section 6-26-10. - Possession of usury records — Evidence of knowledge.