Statutes > Tennessee Statutes > Title 47 - Commercial Instruments And Transactions > Chapter 14 - Interest Rates Generally > Part 1 - General Provisions > 47-14-124 - Rates fixed by other statutes.

47-14-124 - Rates fixed by other statutes.

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.

[Acts 1979, ch. 203, § 23.]