Tenn. Comp. R. & Regs. 0780-01-27-.18

Current through December 10, 2024

Section 0780-01-27-.18 - SALE OR PAYMENT OF LOAN

When any loan shall be sold, or paid in advance of maturity, any profit on the sale, and any deferred credit not then taken into income, shall be thereupon taken into current income.

Tenn. Comp. R. & Regs. 0780-01-27-.18

Original Rule certified June 10, 1974.

Authority: T.C.A. §45-1303.