Commercial Loans Usurious, Null And Void, Split Rhode Island Supreme Court Rules

Mealey's (July 15, 2021, 3:10 AM EDT) -- PROVIDENCE, R.I. — A Rhode Island trial court did not err in granting partial summary judgment in favor of borrowers in a lawsuit stemming from the issuance of a series of commercial loans because the loans were usurious and null and void, a split Rhode Island Supreme Court panel ruled June 30 in affirming....

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