Tennessee § 47-11-110 - Transactions do not constitute loans.
Full text of Tennessee Tennessee Code Annotated § 47-11-110 — Transactions do not constitute loans., with citation guidance and answers to common questions.
§ 47-11-110. Transactions do not constitute loans.
A “retail installment transaction,” as defined in § 47-11-102, or any other conditional sales contract or other agreement covering the time sale of personal property or services, and the assignment thereof, and the business of selling such personal property and services on a time payment basis, and the business of purchasing or acquiring such transactions, contracts, or agreements, whether or not regulated under this chapter, shall not be deemed to be loans or forebearances of money or things of value or the making of same, nor shall they be regulated by or subject to title 45, chapter 5, parts 1-4. “Personal property” and “services,” as used in this section, include all personal property and services, whether or not purchased for commercial or industrial use, and whether or not such personal property is affixed or to be affixed to real property so as to become a part thereof, whether or not severable from such real property. Acts 1961, ch. 110, § 1; T.C.A., § 47-1910. Law Reviews. Usury and Time Price Differentials in Tennessee (J. Daniel Morgan), 8 Mem. St. U.L. Rev. 91.
Frequently Asked Questions About Tennessee § 47-11-110
What does Tennessee Code Annotated § 47-11-110 cover?
Section 47-11-110 ("Transactions do not constitute loans.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-11-110?
A common citation format is "Tennessee Code Annotated § 47-11-110" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-11-110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.