Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-27 - Operation of State Chartered Building and Loan Associations
Section 0780-01-27-.14 - CURRENT INCOME FROM INITIAL LOAN CHARGES
Universal Citation: TN Comp Rules and Regs 0780-01-27-.14
Current through September 24, 2024
If an association collects Initial Loan Charges on any loan, it may take into income in the year in which collected an amount from Initial Loan Charges not exceeding 3% of the face value of the loan on which such charges have been collected.
Authority: T.C.A. §45-1303.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
