Tennessee Code 20-12-116 – Usury
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Terms Used In Tennessee Code 20-12-116
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
- Usury: Charging an illegally high interest rate on a loan. Source: OCC
If it appears in the action that usurious interest has been intentionally taken or reserved, the person taking or reserving such usury shall pay full costs.