Tennessee § 66-8-110 - Total amount payable on redemption.
Full text of Tennessee Tennessee Code Annotated § 66-8-110 — Total amount payable on redemption., with citation guidance and answers to common questions.
§ 66-8-110. Total amount payable on redemption.
The person proposing to redeem shall always pay, or tender, to the holder of the land, the amount of money lawfully paid by the holder, with interest thereon, at the current composite prime rate as published by the federal reserve board as of the date of purchase per annum; and, if the holder is a creditor, shall pay to the debtor or credit the debtor's debt with a sum equal to ten percent (10%) or more on the sum bid at the original sale, or with a sum equal to ten percent (10%) or more upon the judgment of the creditor, at the election of the creditor. Code 1858, § 2131 (deriv. Acts 1820, ch. 11, § 4; 1842 (E.S.), ch. 6, § 9); Acts 1859-1860, ch. 84; Shan., § 3818; Code 1932, § 7743; T.C.A. (orig. ed.), § 64-810; Acts 1983, ch. 182, § 3. Textbooks. Tennessee Jurisprudence, 21 Tenn. Juris., Redemption of Real Estate Sold for Debt, §§ 21, 22. Law Reviews. Selected Tennessee Legislation of 1983 (N. L. Resener, J. A. Whitson, K. J. Miller), 50 Tenn. L. Rev. 785 (1983).
Frequently Asked Questions About Tennessee § 66-8-110
What does Tennessee Code Annotated § 66-8-110 cover?
Section 66-8-110 ("Total amount payable on redemption.") 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 § 66-8-110?
A common citation format is "Tennessee Code Annotated § 66-8-110" (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 § 66-8-110 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.