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RHODE ISLAND STATUTES AND CODES

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

SECTION 27-58-11

   § 27-58-11  Insurance in connection with aloan. – (a) If insurance is required as a condition of obtaining a loan, the credit andinsurance transactions shall be completed independently and through separatedocuments.

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

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