Tennessee § 66-34-601 - Interest.
Full text of Tennessee Tennessee Code Annotated § 66-34-601 — Interest., with citation guidance and answers to common questions.
§ 66-34-601. Interest.
Any payment not made in accordance with this chapter accrues interest, from the date due until the date paid, at the rate of interest for delinquent payments provided in written contract or, if no interest rate is specified in a written contract, then one and one-half percent (1.5%) per month. Acts 1991, ch. 45, § 1; 2000, ch. 712, § 1; 2020, ch. 749, § 29. Compiler's Notes. Acts 2020, ch. 749, § 42 provided that the act, which amended this section, applies to actions occurring and contracts entered into, amended, or renewed on or after July 1, 2020. Amendments. The 2020 amendment substituted “accrues” for “shall accrue” and “then one and one-half percent (1.5%) per month.” for “at the rate specified in § 47-14-121 .” Effective Dates. Acts 2020, ch. 749, § 42. July 1, 2020.
Frequently Asked Questions About Tennessee § 66-34-601
What does Tennessee Code Annotated § 66-34-601 cover?
Section 66-34-601 ("Interest.") 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 § 66-34-601?
A common citation format is "Tennessee Code Annotated § 66-34-601" (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 § 66-34-601 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.