Section 27-58-11 Insurance in connection with a loan.

RI Gen L § 27-58-11 (2019) (N/A)
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§ 27-58-11. Insurance in connection with a loan. (a) If insurance is required as a condition of obtaining a loan, the credit and insurance transactions shall be completed independently and through separate documents.

(b) A loan for premiums on required insurance shall not be included in the primary credit without the written consent of the customer.

History of Section. (P.L. 1996, ch. 325, § 1.)