# Rhode Island — Medical Debt Interest Caps and Collection Restrictions by State

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.

- **jurisdiction:** Rhode Island _(our reading, not quoted from the source)_
- **interest rate cap:** not less than one and a half percent per annum (1.5% p.a.) nor more than four percent per annum (4% p.a.) _(verified: appears in the quote below)_
- **statute citation:** R.I. Gen. Laws Sec. 6-26-11 _(our reading, not quoted from the source)_

## 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.

## Source

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

Last verified: 2026-08-31. Review by: 2027-02-23.
Part of [Medical Debt Interest Caps and Collection Restrictions by State](https://referencesource.org/medical-debt-collection-protections-by-state/).