§ 40-14-7. Interest rates. Interest rates for loans from the fund shall be established by the director; provided, however, that those rates shall be substantially lower than the prevailing rate of interest in this state for comparable loans, and shall not exceed five percent (5%). The term of the loan shall not exceed ten (10) years.
History of Section. (P.L. 1988, ch. 611, § 1.)
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