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State Legal Status : Lending of payday loan is legal in the State of Tennessee. However: Online lenders can be licensed in any state. Lenders would need to follow the laws of the state they are licensed out of, not the laws of Tennessee, so there is no limit to the maximum loan or finance charge.

Loan Specifications
Maximun Amount of Loan - $500
Term of Loan - Maximum 31 days
Maximum Rate of Finance and Fees- $30 or 15% of the check (whichever is lesser)
Finance Charge on $100 loan for a 14 day period - $17.65
APR for $100 loan for a 14 day period - 459%

Debt Limits
Maximum Number of outstanding loans permitted at a time - Three (Two per licensee)
Permissible number of Rollovers - None (cannot be renewed or consolidated otherwise)

Limits of Collection
Collection Fees - 1 NSF fee of $30; Costs of Court
Criminal Action - Prohibited

File your Complaint and get Information
Regulator - Tennessee Department of Financial Institutions
Address - 511 Union Street, Suite 400 Nashville TN 37219
Phone - (615) 741-2236


$500 TargetCashNow - Tribal - Not going to be licensed
$800 Plain Green - Tribal - Not going to be licensed
$800 Great Plains - Tribal - Not going to be licensed
$400 Zip19 - Offshore Malta - Not going to be licensed

On all 4 you are only morally responsible for principal - How much have you paid to date? Follow this link on how to deal with, all steps in order.. http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html

All of your lenders are illegal. You owe nothing more than the principal. No interest, no fees. Just close down your old bank account and open a new one. Don’t worry, they can’t do anything.