Tennessee § 47-14-115 - Usury or excess charges — Equitable remedies.
Full text of Tennessee Tennessee Code Annotated § 47-14-115 — Usury or excess charges — Equitable remedies., with citation guidance and answers to common questions.
§ 47-14-115. Usury or excess charges — Equitable remedies.
The chancery court has jurisdiction, concurrent with courts of law, for the abatement and recovery of usury or excess loan charges. No person shall be entitled to an equitable remedy with respect to usury or excess loan charges unless the person seeking such remedy does equity by paying, or tendering into court, the principal plus lawful interest and loan charges then due; provided, that any contract may be reformed by suit brought in equity with respect to any regulated loan charges, brokerage commissions, or commitment fees in excess of those authorized by law upon cost bond or, in appropriate cases, on pauper's oath. Where successful in the reformation of the instrument, the complaining party shall be awarded reasonable attorneys' fees. Acts 1979, ch. 203, § 14. Compiler's Notes. Former §§ 47-14-102 — 47-14-118 (Acts 1786, ch. 4, § 5; Acts 1803, ch. 6, § 1; Acts 1835-1836, ch. 50, §§ 1-5; Acts 1843-1844, ch. 181; Code 1858, §§ 1943-1955; Acts 1899, ch. 189, § 1; Acts 1901, ch. 60, § 1; Acts 1903, ch. 439, § 1; Shannon §§ 3491a1, 3492, 3493, 3493al, 3494-3504, 3504a1; Williams §§ 7300- 7303, 7305-7316; Code 1932, §§ 7300-7303, 7305-7316; T.C.A. (orig. ed.), 47-1602 — 47- 1618; Acts 1963, ch. 81, § 1(10-104(3)); Acts 1967, ch. 217, § 1; Acts 1969, ch. 61, § 1; Acts 1976, ch. 844, § 1) were repealed by Acts 1979, ch. 203, § 24 and present §§ 47-14-102 — 47-14-124 substituted therefor. Textbooks. Tennessee Jurisprudence, 24 Tenn. Juris., Usury, §§ 15-21. Cited: In re Apple Tree Partners, L.P., 131 B.R. 380, 1991 Bankr. LEXIS 1307 (Bankr. W.D. Tenn. 1991).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-14-115
What does Tennessee Code Annotated § 47-14-115 cover?
Section 47-14-115 ("Usury or excess charges — Equitable remedies.") 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 § 47-14-115?
A common citation format is "Tennessee Code Annotated § 47-14-115" (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 § 47-14-115 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.