PDL in Tennessee
Date: Mon, 11/20/2006 - 08:26
Anyone have any suggestions? What about restrictions in Tenn. and where do I find out what is allowed by law. None of my PDL are licensed in Tenn. What do I do next? I have not defaulted yet, but have just closed my account and reopened another. Please somone help!!!!!
Quote:Citation: Tenn. Code Ann. ????45-17-101 et seq. and
Quote:
Citation: Tenn. Code Ann. ????45-17-101 et seq. and Tenn. Comp. R. & Regs. ???? 0180-28-.01 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 Daughdrill, http://www.tennessee.gov/tdfi/ |
Are these store front or internet?
Hi atm welcome to the boards, I am from TN also and can help you
Hi atm welcome to the boards, I am from TN also and can help you as I am taking PDL here in TN. Anyway are these store fronts or Internet loans, how much did you borrow and how much have you paid back to each company. If you visit my blog and send me an email I can help you work these problems out, maybe easing some of the stress. Good luck and keep posting
PDL in Tennessee
Thanks so much Ashley. I will visit your blog site. It is blocked from my work location. I have 5 loans and they are all internet. If you will email me at email address removed as per forum rules - Mike
, I will welcome any help you can give me. Thanks , Thanks , thanks,
PDL in Tennessee
Sorry, I did not realize I could not post email. I will PM Ashley from her blog site. Any help for this is GREATLY appreciated.
Before you begin taking charge on the lenders, you need to know
Before you begin taking charge on the lenders, you need to know how much is paid in the loan accounts. Go through your statements and know the latest standing. The laws in your state are given above. Keep it besides you and find out if you have to pay any further balance or actually claim for a refund from the loan company. You will take charge only after you have done the homework from your side.
