Tennessee § 66-8-110 Total amount payable on redemption

Tennessee Statutes

§ 66-8-110 — Total amount payable on redemption

Tennessee § 66-8-110

Title66

This text of Tennessee § 66-8-110 (Total amount payable on redemption) 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. § 66-8-110 (2026).

Text

The person proposing to redeem shall always pay, or tender, to the holder of the land, the amount of money lawfully paid by the holder, with interest thereon, at the current composite prime rate as published by the federal reserve board as of the date of purchase per annum; and, if the holder is a creditor, shall pay to the debtor or credit the debtor's debt with a sum equal to ten percent (10%) or more on the sum bid at the original sale, or with a sum equal to ten percent (10%) or more upon the judgment of the creditor, at the election of the creditor.

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The person proposing to redeem shall always pay, or tender, to the holder of the land, the amount of money lawfully paid by the holder, with interest thereon, at the current composite prime rate as published by the federal reserve board as of the date of purchase per annum; and, if the holder is a creditor, shall pay to the debtor or credit the debtor's debt with a sum equal to ten percent (10%) or more on the sum bid at the original sale, or with a sum equal to ten percent (10%) or more upon the judgment of the creditor, at the election of the creditor.

Legislative History

Code 1858, § 2131 (deriv. Acts 1820, ch. 11, § 4; 1842 (E.S.), ch. 6, § 9); Acts 1859-1860, ch. 84; Shan., § 3818; Code 1932, § 7743; T.C.A. (orig. ed.), § 64-810; Acts 1983, ch. 182, § 3.