Description:
Tennessee usury laws cap most consumer loan interest at 7% per year, with defined exceptions for banks, credit unions, and certain mortgages. The rules help borrowers compare offers and spot illegal rates, especially when small lenders bundle fees. See tennessee usury laws for the formal limits.
Understanding these limits can save you trouble and fees when shopping for credit.
Contact Information
Categories:
Law & Legal
Phone:
(516) 670-5165
Website:
Grant Phillips Law, PLLC
Email:
info@grantphillipslaw.com
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