Payday Loan Laws




Tennessee Payday loan laws. Tennessee Payday loan legislation. Tennessee has specific payday advance laws. The permitted fee is 15 % of the face amount of the payday loan amount or $30, whichever is less. The permitted time period is a maximum of 31 days.

The maximum amount of the payday loan allowable is $500.00. Rollovers are prohibited.

For a thorough discussion of the payday loan industry and access to our payday loan training materials, we recommend you proceed to Payday and Paycheck Loans.com

STATE OF TENNESSEE APPLICATION FOR RENEWAL OF DEFERRED PRESENTMENT LICENSE APPLICATION

Department of Financial Institutions
511 Union Street
Suite 400
Nashville, Tennessee 37219

Tennessee Payday Loan Frequently Asked Questions