47-18-2401 - Notice requirements for unsolicited loans. - Tennessee Statutes

47-18-2401. Notice requirements for unsolicited loans.

Unless otherwise agreed, where unsolicited mail that resembles a check is, upon endorsement by the payee, a loan, the payee is under no duty to repay such loan unless such unsolicited mail has upon its face in boldface letters at least one-half inch (½²) in height the following:

THIS IS A LOAN.

[Acts 1999, ch. 395, § 2.]