SB2462 — 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.

SB2462 — 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 regarding lending by industrial loan and thrift companies. It changes the calculation of interest rates to be based on the 'amount financed' as defined by the federa…Open in Informed Citizenry