Tenn. Const. art. XI, § 7
- Constitution
- Constitution of Tennessee
- Text as of
- October 2026
What does this section say?
The General Assembly shall define and regulate interest, and set maximum effective rates thereof. If no applicable statute is hereafter enacted, the effective rate of interest collected shall not exceed ten percent (10%) per annum. All provisions of existing statutes regulating rates of interest and other charges on loans shall remain in full force and effect until July 1, 1980, unless earlier amended or repealed.
The text is copied from the official source: publications.tnsosfiles.com. This is the stored text for research. It is not legal advice; check the official source before you rely on it.