Mortgage Lending: TENNESSEE
Legal Interest Rate: Tenn. Const. art. XI, § 7; Tenn. Code Ann. § 47-14-103
Contract Interest Rate: Tenn. Code Ann. § 47-14-103 (formula rate defined in Tenn. Code Ann. §§ 47-14-102(7), 47-14-106)
Residential Mortgage Loans: Tenn. Code Ann. §§ 47-15-101 to 47-15-104 (§§ 47-15-102, 47-15-104) (interest on home loans)
Reverse Mortgage Loans: Tenn. Code Ann. §§ 47-30-101 to 47-30-118 (home equity conversion loans)
Open-End Mortgages and Future Advances: Tenn. Code Ann. §§ 47-28-101 to 47-28-110