45-2-1107 - Disclosure of terms and conditions of loan.

45-2-1107. Disclosure of terms and conditions of loan.

When an installment loan is made and interest is charged as provided in § 45-2-1106(1)(A) and (B), the lending bank or trust company shall make disclosures of the terms and conditions of the loan that may from time to time be required for the loan under the Federal Consumer Credit Protection Act, 15 U.S.C. § 1601 et seq.

[Acts 1969, ch. 36, § 1 (3.241); 1979, ch. 205, § 4; T.C.A., § 45-434.]