Tennessee Statutes
§ 2-10-304 — Loans
Tennessee·Title 2
(a)The limitations contained in this part do not apply to any loan of money by a financial institution as defined in § 45-10-102 that:
(1)Is made in accordance with applicable law and in the ordinary course of business;
(2)Is made on a basis reasonably designed to assure repayment, evidenced by a written instrument, and subject to a payment due date or amortization schedule; and (3) Bears the usual and customary interest rate of the lending institution.
(b)An endorsement or guaranty of a loan made pursuant to subsection (a) shall be considered a contribution in the amount of the endorsement or guaranty and shall be subject to the limitations contained in this part. Where the written instrument does not specify the portion of the loan for which the endorser or guarantor is liable, each
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Tennessee § 2-10-304 (Loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1995, ch. 531, § 1.
Nearby Sections
15
§ 2-1-101
Short title§ 2-1-102
Purpose§ 2-1-103
Scope of title§ 2-1-104
Title definitions§ 2-1-105
Voting eligibility§ 2-1-106
Absence from work allowed for voting§ 2-1-108
Filing of required documents§ 2-1-109
Copies of documents - Certification§ 2-1-113
Meetings of boards and commissions§ 2-1-114
Requisites for political parties§ 2-1-115
Computation of time