HB1944 — Interest Rates - As enacted, changes the application of interest rates to the amount financed instead of the total amount of the loan with regard to certain loans made by industrial loan and thrift companies. - Amends TCA Title 45, Chapter 5.

HB1944 — Interest Rates - As enacted, changes the application of interest rates to the amount financed instead of the total amount of the loan with regard to certain loans made by industrial loan and thrift companies. - Amends TCA Title 45, Chapter 5. · Informed CitizenryThis bill amends Tennessee Code Annotated Title 45, Chapter 5, concerning lending practices by industrial loan and thrift companies. It updates definitions and rules regarding how interest rates ar…Open in Informed Citizenry