Tennessee § 56-6-303 Written agreement to charges - Contents of contract

Tennessee Statutes

§ 56-6-303 — Written agreement to charges - Contents of contract

Tennessee § 56-6-303

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This text of Tennessee § 56-6-303 (Written agreement to charges - Contents of contract) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 56-6-303 (2026).

Text

In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain:

(1)The cash price of the insurance policy or bond and the amount of the initial payment, if any;

(2)The difference between the two (2), if any;

(3)The principal balance owed;

(4)The amount of the time-price differential; and (5) The time balance owed by the buyer.

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In the event time-price differential charges are made pursuant to this part, the purchaser of insurance must agree to the charges in writing, and the instrument must contain: (1) The cash price of the insurance policy or bond and the amount of the initial payment, if any; (2) The difference between the two (2), if any; (3) The principal balance owed; (4) The amount of the time-price differential; and (5) The time balance owed by the buyer.