This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Payment Plan Math in Rhode Island

Under Rhode Island law, payment plans for judgments may include a statutory processing fee of 5%. This fee is authorized by R.I. Gen. Laws § 6-26-2, which allows a judgment creditor to charge that percentage on each payment made under an installment agreement. The 5% figure applies to the amount of each individual payment, not the total judgment balance. The statute does not prescribe a specific formula for how the fee is calculated beyond the percentage itself; the exact computation depends on the payment amount and schedule set by the parties or the court. A worked example below shows how the 5% fee applies to a sample payment. For a personalized estimate, use the DocketMath calculator.

Governing authority

In Rhode Island, the payment plan math rule is set by R.I. Gen. Laws § 6-26-2. The verified packet cites R.I. Gen. Laws § 6-26-2 (http://webserver.rilegislature.gov/Statutes/TITLE6/6-26/6-26-2.htm).

Rhode Island payment plan math: the verified value is 5% under R.I. Gen. Laws § 6-26-2. The verified packet cites R.I. Gen. Laws § 6-26-2 (http://webserver.rilegislature.gov/Statutes/TITLE6/6-26/6-26-2.htm).

Estimate your own result: every situation has exceptions that can change the outcome. Use the payment plan math calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.