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Final up-to-date September 20th 2020
mentary is for informational purposes just. See disclaimers that are legal.
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Tennessee Usury and Regulations
Overview of Tennessee Usury Law(s) / Quote: «Legal: 10% / Contract: 4% over normal regular prime price / Judgment: 10% / Corporate: Rate perhaps not particular»
(WeFindLenders. endeavors to include the absolute most updated appropriate information for Tennessee, but no guarantee or guarantee of any sort is expressed or suggested regarding the accuracy of stated data. This information is perhaps not meant to be legal counsel. The Tennessee State government’s division of banking and finance – legal statutes researched by FindLaw for legal help speak with a lawyer in Tennessee , and/or contact. & American Lawyers Quarterly – see credits )
Tennessee Usury Law Information:
Legal Optimum Interest Levels: Quote: «10% (В§47-14-103)»
Usury Penalties: Quote: «Contract unenforceable; if discovered unconscionable, loan provider must refund fees, costs, and objective charges and successful plaintiff may recover reasonable lawyer’s fees (В§47-14-117); willful collection is just a Class A misdemeanor (В§47-14-112)»Continue Reading –