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Home » US Law » 2021 Tennessee Code » Title 47 - Commercial Instruments and Transactions » Chapter 14 - Interest Rates Generally

§ 47-14-121. Interest on Judgments — Rate

Except as set forth in subsection (c), the interest rate on judgments per annum in all courts, including decrees, shall: For any judgment entered between July 1 and December 31, be equal to two percent (2%) less than the formula rate per annum published by the commissioner of financial institutions, as required by § 47-14-105, […]

§ 47-14-123. Prejudgment Interest

Prejudgment interest, i.e., interest as an element of, or in the nature of, damages, as permitted by the statutory and common laws of the state as of April 1, 1979, may be awarded by courts or juries in accordance with the principles of equity at any rate not in excess of a maximum effective rate […]

§ 47-14-124. Rates Fixed by Other Statutes

Where any existing statute of this state fixes a rate of interest, but does not do so in terms of a maximum effective rate, the rate so fixed shall be the maximum effective rate for obligations covered thereby.

§ 47-14-125. Compliance With Federal Consumer Credit Protection Act

Compliance with the requirements of the Consumer Credit Protection Act, being Public Law 90-321; 82 Stat. 146 et seq., commonly referred to as the federal Truth in Lending Act, shall be deemed compliance with any requirements of the statutes of Tennessee relating to the disclosure of information in connection with credit transactions. A credit transaction […]