Rhode Island

For Rhode Island, interest rate cap is not less than one and a half percent per annum (1.5% p.a.) nor more than four percent per annum (4% p.a.); statute citation is R.I. Gen. Laws Sec. 6-26-11, recorded from its source on 2026-08-27; source re-checked 2026-08-31.

Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.

What the source says

R.I. Gen. Laws § 6-26-11 § 6-26-11. Medical debt interest cap. (a) For purposes of this section “medical debt” means an obligation of a consumer to pay an amount for the receipt of healthcare services as defined by § 27-81-3, products, or devices, owed to a healthcare facility or a healthcare professional as defined by § 27-81-3. (b) Interest on medical debt shall be limited to the rate of interest equal to the weekly average one-year constant maturity Treasury yield, but not less than one and a half percent per annum (1.5% p.a.) nor more than four percent per annum (4% p.a.) as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date when the consumer was first provided with a bill.

— webserver.rilegislature.gov, retrieved 2026-08-27

Source

• webserver.rilegislature.govhttp://webserver.rilegislature.gov/Statutes/TITLE6/6-26/6-26-11.htm

Last verified against source: 2026-08-31. Due for re-check by 2027-02-23. This page as Markdown · OKF bundle · full dataset as JSON.