States / Tennessee / HB 775

HB 775 Reported from Committee

Interest Rates - As enacted, increases, from 30 to 36 percent per annum, the maximum permitted effective rate of interest that may be contracted for by an industrial loan and thrift company on an unpaid balance where the amount financed is $100 or more; makes other related changes. - Amends TCA Title 45, Chapter 5.

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
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SENATE BILL 694

By Johnson

HOUSE BILL 775

By Powers

AN ACT to amend Tennessee Code Annotated, Title 45,

Chapter 5, relative to industrial loan and thrift

companies.

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