reglab/housing_qa huggingface dataset:
TN Code § 47-14-109 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-109. When Interest Accrues

  Interest on negotiable and nonnegotiable instruments shall accrue according to the terms of the instrument; otherwise, interest on the instrument shall accrue as provided in § 47-3-112.   Liquidated and settled accounts, signed by the debtor, shall bear interest from the time they become due, unless it is expressed that interest is not to accrue until a specific time therein mentioned.   In all other cases, the time from which interest is to be computed shall be the day when the debt is payable, unless another day be fixed in the contract itself.
TN Code § 47-14-110 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-110. Usury as a Defense

  A defendant sued for money may avoid the excess over lawful interest by pleading usury, setting forth the amount of such excess.   In order to sustain a defense of usury, the burden is on the party claiming usury.
TN Code § 47-14-111 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-111. Actions to Recover Usury

 If usury has been paid, it may be recovered by action brought by the party from whom it was taken, or that party's representative, or it may be subjected by any judgment creditor of such party to the satisfaction of that party's debt.
TN Code § 47-14-112 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-112. Usury a Misdemeanor — Penalty

 The willful collection of usury is a Class A misdemeanor.
TN Code § 47-14-113 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-113. Limitations on Loan Charges, Commitment Fees and Brokerage Commissions

  For all loans in which a provision of this chapter or another statute authorizes or allows loan charges, commitment fees, or brokerage commissions for particular categories of lenders or transactions, the collection of such charges, fees, and commissions shall be limited to the charges, fees, or commissions so authorized or allowed.   For any written contract, signed by the party to be charged, the collection of commitment fees shall be limited to compensation which is fair and reasonable for the detriment suffered or the commitment made by the lender, considering the condition of the money market, the interest rates then prevailing, the credit worthiness of the borrower, the likelihood of the loan being made, and the interest rate and other terms contained in the loan commitment.   The collection of brokerage commissions shall be limited to compensation which is fair and reasonable for the services performed, considering the condition of the money market, the credit worthiness of the borrower, the custom in the market place, the interest rate to be paid, the nature and value of the security, and other relevant factors.   For any written contract, signed by the party to be charged, and not subject to subsection (a), the collection of loan charges shall be limited to those loan charges agreed to in that contract; provided, that no such charges may validly be agreed to in such a contract other than those which are fair and reasonable compensation for some expense incurred or to be incurred, or some service rendered or to be rendered, to or on behalf of the borrower, in connection with a particular loan. In any event, no such loan or contract shall include, except as a part of interest, charges for costs indirectly related to that loan or contract, including, but not limited to, overhead of the lender, loan losses, and charges for services performed by officers or employees of the lender unless such services are rendered directly for:  Inspecting and verifying collateral prior to the loan being made;   Servicing and verifying the collateral securing the loan; and   Collection of the loan.     For all other loans, no such charges or fees may validly be imposed.
TN Code § 47-14-114 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-114. Actions to Recover Excess Loan Charges, Commitment Fees, or Brokerage Commissions

 If loan charges, commitment fees, or brokerage commissions in excess of those authorized have been paid, the amount of such excess charges, fees, or commissions, may be recovered by action brought by the person paying such excess amounts.
TN Code § 47-14-115 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-115. Usury or Excess Charges — Equitable Remedies

  The chancery court has jurisdiction, concurrent with courts of law, for the abatement and recovery of usury or excess loan charges.   No person shall be entitled to an equitable remedy with respect to usury or excess loan charges unless the person seeking such remedy does equity by paying, or tendering into court, the principal plus lawful interest and loan charges then due; provided, that any contract may be reformed by suit brought in equity with respect to any regulated loan charges, brokerage commissions, or commitment fees in excess of those authorized by law upon cost bond or, in appropriate cases, on pauper's oath.   Where successful in the reformation of the instrument, the complaining party shall be awarded reasonable attorneys' fees.
TN Code § 47-14-116 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-116. Usury or Excessive Charges — Reliance on Statute, Rule, or Order

 A claim or defense based on usury or excessive loan charges, commitment fees, or brokerage commissions will not be sustained where the person against whom the claim or defense is made, in computing and making such charges, fees, or commissions, has relied on a statute, or a rule or regulation promulgated by an administrative agency, or on the final order of any such administrative agency in a proceeding involving such person.
TN Code § 47-14-117 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-117. Usury or Excessive Charges — Contracts

  Any contract which on its face requires the payment of usury or excess loan charges, commitment fees, or brokerage commissions shall not be enforceable; but the original lender or creditor may sue to recover the principal actually advanced, plus lawful interest, loan charges, commitment fees, and brokerage commissions.   Where usury or excess loan charges, commitment fees or brokerage commissions do not appear on the face of the contract, but are proved, only the principal, plus lawful interest, loan charges, commitment fees, and brokerage commissions may be recovered.    Where, however, the court finds that the lender or creditor has been guilty of unconscionable conduct in a transaction by taking interest, loan charges, commitment fees, or brokerage commissions in excess of the limitations fixed by statute, that lender or creditor shall not be entitled to recover any interest, loan charges, commitment fees, or brokerage commissions with respect to that transaction, and shall be required to refund to the borrower or debtor any loan charges, commitment fees, or brokerage commissions, and twice the amount of any interest collected with respect to that transaction, and the borrower shall be entitled to recover reasonable attorneys' fees from the lender.   As used in this subsection (c), “unconscionable conduct” includes, but is not limited to, any calculated violation of statutory limitations on interest, loan charges, commitment fees, or brokerage commissions with full awareness of those limitations.
TN Code § 47-14-118 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-118. Usury or Excessive Charges — Statute of Limitations

  No action shall be brought on any claim for usury after three (3) years from the date of last payment of the same or foreclosure or court action, whichever ensues first.   No action shall be brought on any claim for excessive loan charges, commitment fees, or brokerage commissions after three (3) years from the date of payment of the charges, fees or commissions.
TN Code § 47-14-119 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-119. Choice of Laws

 In any transaction otherwise subject to this chapter which is not subject to the disclosure requirements of the federal Consumer Credit Protection Act, where the transaction bears a reasonable relationship to this state and also to another state or nation, the parties may agree in the written contract evidencing such transaction that the laws of this state or of any other such state or nation shall govern their rights and duties with respect to interest, loan charges, commitment fees, and brokerage commissions.
TN Code § 47-14-120 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-120. Time-Price Differential

  The charging of a time-price differential shall not be deemed to bring a transaction within any regulation of interest, loans or loan charges, commitment fees, or brokerage commissions, regardless of whether the seller disposes of the contract containing the time-price differential pursuant to a prearranged agreement, on a recourse or nonrecourse basis, or otherwise.   It shall be permitted to include in a motor vehicle retail installment contract containing the time price differential any amounts actually paid, or to be paid, by a seller pursuant to an agreement with a buyer to discharge a security interest, lien or lease interest on property traded in by a buyer. It shall also be permitted for any lessor of a motor vehicle to include in a lease the outstanding balance of a prior loan or lease of a motor vehicle used as a trade-in, as well as other items that are capitalized or amortized during the lease term without any regulation of interest, loans or loan charges, commitment fees or brokerage commissions, regardless of whether the lessor disposes of the lease containing the payoff balance pursuant to a prearranged agreement, on a recourse basis, or otherwise.
TN Code § 47-14-121 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-121. Interest on Judgments — Rate

  Except as set forth in subsection (c), the interest rate on judgments per annum in all courts, including decrees, shall:  For any judgment entered between July 1 and December 31, be equal to two percent (2%) less than the formula rate per annum published by the commissioner of financial institutions, as required by § 47-14-105, for June of the same year; or   For any judgment entered between January 1 and June 30, be equal to two percent (2%) less than the formula rate per annum published by the commissioner of financial institutions, as required by § 47-14-105, for December of the prior year.     To assist parties and the courts in determining and applying the interest rate on judgments set forth in subsection (a) for the six-month period in which a judgment is entered, before or at the beginning of each six-month period the administrative office of the courts:  Shall calculate the interest rate on judgments that applies for the new six-month period pursuant to subsection (a);   Shall publish that rate on the administrative office of the courts' web site; and   Shall maintain and publish on that web site the judgment interest rates for each prior six-month period going back to the rate in effect for the six-month period beginning July 1, 2012.     Notwithstanding subsection (a) or (b), where a judgment is based on a statute, note, contract, or other writing that fixes a rate of interest within the limits provided in § 47-14-103 for particular categories of creditors, lenders or transactions, the judgment shall bear interest at the rate so fixed.
TN Code § 47-14-122 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-122. Interest on Judgments — Computation

 Interest shall be computed on every judgment from the day on which the jury or the court, sitting without a jury, returned the verdict without regard to a motion for a new trial.
TN Code § 47-14-123 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-123. Prejudgment Interest

 Prejudgment interest, i.e., interest as an element of, or in the nature of, damages, as permitted by the statutory and common laws of the state as of April 1, 1979, may be awarded by courts or juries in accordance with the principles of equity at any rate not in excess of a maximum effective rate of ten percent (10%) per annum; provided, that with respect to contracts subject to § 47-14-103, the maximum effective rates of prejudgment interest so awarded shall be the same as set by that section for the particular category of transaction involved. In addition, contracts may expressly provide for the imposition of the same or a different rate of interest to be paid after breach or default within the limits set by § 47-14-103.
TN Code § 47-14-124 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 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.
TN Code § 47-14-125 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 14 - Interest Rates Generally|§ 47-14-125. Compliance With Federal Consumer Credit Protection Act

  Compliance with the requirements of the Consumer Credit Protection Act, being Public Law 90-321; 82 Stat. 146 et seq., commonly referred to as the federal Truth in Lending Act, shall be deemed compliance with any requirements of the statutes of Tennessee relating to the disclosure of information in connection with credit transactions.   A credit transaction which is deemed in compliance with the statutes of Tennessee pursuant to subsection (a) shall also be deemed to be a credit transaction which is specifically authorized under the laws of this state and the United States for purposes of application of § 47-18-111(a)(1) to any action brought under the Tennessee Consumer Protection Act of 1977, compiled in chapter 18, part 1 of this title, with respect to disclosure or lack of disclosure of information in connection with such credit transaction.
TN Code § 47-15-101 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 15 - Interest on Home Loans|§ 47-15-101. Chapter Definitions

 As used in this chapter, unless the context otherwise requires:   “Home loan” means a loan which is:  Secured by real estate owned and occupied by the borrower for family residential purposes and which may include not more than three (3) additional residential units; and   Amortized over a period greater than one hundred eighty-one (181) months; and     Other terms used in this chapter, but not defined in this chapter, have the same meaning given to them by § 47-14-102.
TN Code § 47-15-102 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 15 - Interest on Home Loans|§ 47-15-102. Maximum Rates

  The maximum effective rate of interest per annum for home loans is hereby set at an amount equal to two (2) percentage points above the most recent weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction for commitments to purchase conventional home mortgages (FNMA Auction) as determined pursuant to § 47-15-103.   In the event the Federal National Mortgage Association discontinues the conduct of the auction, the maximum effective rate of interest per annum for home loans shall be set at an amount equal to four (4) percentage points above the index of market yields of long term government bonds adjusted to a thirty (30) year maturity by the department of the treasury.   The maximum effective rate of interest per annum for home loans shall not, in any event, exceed eighteen percent (18%) per annum.
TN Code § 47-15-103 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 15 - Interest on Home Loans|§ 47-15-103. Determination and Publication of Rates — Reliance Thereon

   The rate set in § 47-15-102 shall be determined by the commissioner of financial institutions on or before the twentieth day of each month and shall be in effect during the following calendar month.   The commissioner, upon making such determination, shall promptly make an official announcement of such rate and shall publish such announcement in such manner as the commissioner may deem appropriate, thereafter causing the same to be published in the Tennessee Administrative Register.   Such rate shall remain in effect until the next official announcement and publication.     The determination by the commissioner as provided herein shall not be deemed a “rule” within the meaning of § 4-5-102, and such action of the commissioner shall be exempt from the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.   In contracting for interest pursuant to § 47-15-102, any person shall be entitled to rely upon the formula rate thus announced or published by the commissioner.
TN Code § 47-15-104 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 15 - Interest on Home Loans|§ 47-15-104. Contract Provisions

  Home loan contracts to which this chapter applies may provide for the payment of a fixed rate of interest, a variable rate of interest, or any combination of fixed and variable rates in any sequence, subject to subsection (b).    A contract may provide for a fixed rate of interest:  Permissible at the time the contract to make the loan is executed;   Permissible at the time the loan is made;   Permissible at the time the interest rate on the loan is converted from a variable to a fixed rate, or from one fixed rate to another fixed rate, whether such conversion is by terms of the contract or by renewal, modification, extension or otherwise;   Permissible at the time of any renewal or extension of the loan or any note evidencing the loan; or   Permissible by virtue of any combination of any of the foregoing.     A contract may provide for a rate of interest that may vary from time to time at such regular or irregular intervals as may be agreed by the parties; provided, that such variable rate shall not exceed the greater of:  That authorized by statute at the agreed time of each variance; or   That authorized at the time of execution of the contract or note evidencing the indebtedness upon which such variable rate is or is to be charged.     The parties may agree to a minimum fixed rate of interest to be applicable to a rate which is or may become otherwise variable; provided, that such agreed minimum fixed rate of interest does not exceed the rate permitted at the time the contract to make the loan is executed, or at the time the note is executed, or at the time of any renewal or extension thereof, whichever is greater.
TN Code § 47-16-101 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 16 - Tennessee Litigation Financing Consumer Protection Act|§ 47-16-101. Short Title

 This chapter shall be known and may be cited as the “Tennessee Litigation Financing Consumer Protection Act.”
TN Code § 47-16-102 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 16 - Tennessee Litigation Financing Consumer Protection Act|§ 47-16-102. Chapter Definitions

 As used in this chapter:   “Consumer” means any natural person who resides, is present or is domiciled in this state, or who is or may become a plaintiff or complainant in a dispute in this state;   “Litigation financier” means a person, entity or partnership engaged in the business of litigation financing; and   “Litigation financing” or “litigation financing transaction”:  Means a non-recourse transaction in which financing is provided to a consumer in return for a consumer assigning to the litigation financier a contingent right to receive an amount of the potential proceeds of the consumer's judgment, award, settlement or verdict obtained with respect to the consumer's legal claim; and   Does not include:   Legal services provided on a contingency fee basis, or advanced legal costs, where such services or costs are provided to or on behalf of a consumer by an attorney representing the consumer in the dispute and in accordance with the Tennessee Rules of Professional Conduct;   A commercial tort claim as defined by § 47-9-102; or   A claim under the Workers' Compensation Law, compiled in title 50, chapter 6.
TN Code § 47-16-104 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 16 - Tennessee Litigation Financing Consumer Protection Act|§ 47-16-104. Requirements for Litigation Financing Transactions

 A litigation financier shall fulfill each of the following requirements when engaged in litigation financing:   The terms of the litigation financing transaction shall be set forth in a written contract that is completely filled-in with no incomplete sections when the contract is offered or presented to the consumer;   The litigation financing contract shall contain a right of rescission, allowing the consumer to cancel the litigation financing contract without penalty or further obligation if, within five (5) business days following the consumer's receipt of the funds or goods, or execution of the litigation financing contract, whichever is later, the consumer gives notice of the rescission and returns any money or goods already provided to the consumer by the litigation financier;   The litigation financing contract shall contain a written acknowledgment by the consumer of whether the consumer is represented by an attorney in the dispute;   If the consumer acknowledges that the consumer is represented by an attorney in the dispute, the litigation financing contract shall include a written acknowledgment executed by the consumer's attorney in the dispute in which the attorney acknowledges all of the following:  The attorney has had the opportunity to review the litigation financing contract on behalf of the consumer;   Whether the attorney is being paid on a contingency basis pursuant to a written fee agreement;   That all proceeds of the legal claim shall be disbursed by either the trust account of the attorney representing the consumer in the dispute or a settlement fund established to receive the proceeds of the dispute from the defendant on behalf of the consumer;   The attorney is representing the consumer with regard to the dispute that is the subject of the litigation financing contract; and   The attorney has neither received nor paid a referral fee or any other consideration from or to the litigation financier, nor will the attorney in the future; and     In the event that proceeds are paid into a settlement fund or trust, the litigation financier shall notify the administrator of the fund or trust of any outstanding liens arising from the litigation financing contract.