SB1584 - Tennessee: Finance Companies, Loan Companies

Companion Bill HB2132. Loan Companies - Limits amount of fees charged by title pledge lender; increases monthly payment amount required by such lenders; gives persons aggrieved by title pledge lenders certain rights including a private right of action; and makes other modifications to the title pledge lenders law. - Amends TCA Title 45, Chapter 15, Part 1. Fiscal Summary for *SB1584 / HB2132Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *SB1584 / HB2132 This bill revises regulations of title pledge loans and lenders. Title pledge loans are loans in which the lender takes possession of the certificate of title of personal property and either takes possession of the property or takes [...]

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