Tenn. Comp. R. & Regs. 0180-08-.05

Current through December 18, 2024

Section 0180-08-.05 - LIMITATION ON THE COLLECTION OF OTHER CHARGES

With the exception of interest, loan charges, and insurance as authorized by these rules, no other charges of any nature may be imposed in connection with a loan subject to these rules; provided, however, the foregoing limitation shall not prohibit payment by the borrower of the reasonable and actual costs of collecting a loan upon default, including attorneys' fees.

Original rule filed July 16, 1979; effective August 30, 1979.

Authority: T.C.A. § 4-5-104 and Chapter 203 of the Public Acts of 1979.