Reverse charges in TN
Date: Mon, 11/24/2008 - 14:22
Quote:
Tennessee State Information Legal Status: Legal Citation: Tenn. Code Ann. §45-17-101 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Max: 31 days Maximum Finance Rate and Fees: the lesser of 15% of the check or $30 Finance Charge for 14-day $100 loan: $17.65 apr for 14-day $100 loan: 459% Debt Limits: Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee) Rollovers Permitted: None (cannot renew or otherwise consolidate) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: One $30 NSF Fee; Court Costs Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Tennessee Department of Financial Institutions Address: 511 Union Street, Suite 400 Nashville TN 37219 Phone: (615) 741-2236 Fax: (615) 532-1018 Regulatory Contact: Bart |
sjj104
Joined: 10 Nov 2008
Posts: 41
Debtcc Points: 575
PDL in TN with all the information
I have 5 payday loans and I live in TN
US Fast Cash 150 paid 275
United Cash Loans 150 paid 455
One Click Cash 350 paid 420
Centruion Fund 500 paid 750
Outback Bucks 300 paid 90
The bank charged me continously for NSF which amounted to $1000. Can I get money back from the companies that I overpaid. Thanks for all your help!
TN and PA are two states where the law is a little bit diffferen
TN and PA are two states where the law is a little bit diffferent. A lender is considered licensed and legal according to these two states if they are licensed in any other state.
Hopefully someone will be along to assist you and let you know who is licensed and where and if they are legal. You are only obigated to pay back the pricipal amount borrowed on illegal unlicensed pdl loans.
