Tennessee Modifies Provisions Regarding Limitations on Loan Charges under ILTCA

April 13, 2021

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Tennessee House Bill 421 amends the Industrial Loan and Thrift Companies Act (ILTCA) TCA Title 45, Chapter 5 to increase existing fees, and add additional fees, that an industrial loan and thrift company, industrial investment company, or industrial bank may charge to service various loans; effective July 1, 2021.

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