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RI · SERVICE-AGMT · Updated July 2026 · Free

Rhode Island Service Agreement

Review Status: PendingAuthor: Editorial TeamMethodology: Statutory Verification

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Rhode Island at a glance: Default Interest: 12% per year (R.I. Gen. Laws § 6-26-1) · Governing Law: Rhode Island General Laws Title 6

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Overview

Service Agreements in Rhode Island

Rhode Island service agreements are governed by Title 6 of the Rhode Island General Laws. Late fees must comply with the 12% statutory cap unless written (R.I. Gen. Laws § 6-26-1).
Key Facts

Rhode Island Service Agreement — Quick Reference

RequirementRhode Island Rule
Default Interest12% per year (R.I. Gen. Laws § 6-26-1)
Governing LawRhode Island General Laws Title 6
Legal Requirements

Rhode Island Legal Requirements

  • Late fees exceeding 12% per year must be in writing to be enforceable.
Governing Laws

Rhode Island Governing Laws

R.I. Gen. Laws § 6-26-1
Legal Rate of Interest
Defines contract default interest rates.

Read the full text of these laws at Cornell Law School's Rhode Island legal resources or your state legislature's official website.

Questions & Answers

Rhode Island Service Agreement — Frequently Asked Questions

What is the default contract interest rate in Rhode Island?

The default rate is 12% per annum.