No contract entered into after January 1, 1988, shall contain any provision requiring the payment of interest in a manner inconsistent with this chapter, and any provision contained in the contract that waives the right to the payment of interest is hereby declared to be contrary to public policy and wholly void.
R.I. Gen. Laws § 42-11.1-11
Chapter to control — Contractual waiver void
P.L. 1987, ch. 73, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.