what is the maximum rate of interest permited by the state of TN on a new car loan.?

what is the maximum rate of interest permited by the state of TN on a new car loan.?
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1 Answer

Answer :

The rules are that the legal rate and judgment rate of interest is 10%. The general usury limit is 24%, or four points above the average prime loan rate, WHICHEVER IS LESS.
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