45-4-610 - State chartered credit unions Power to make loans Interest rate. - Tennessee Statutes

45-4-610. State chartered credit unions Power to make loans Interest rate.

Subject to the limitations on maximum effective rates of interest and service charges contained in §§ 45-4-601 45-4-604, a credit union chartered by the state of Tennessee has the power to make loans upon the same terms and conditions as permitted credit unions chartered by the federal government.

[Acts 1976, ch. 278, § 1; 1979, ch. 207, § 2; T.C.A., § 45-1849.]