Tennessee HB0908 amends the interest rate cap on home loans to 18% per annum.
Tennessee HB0908 modifies the interest rate cap on home loans, setting the maximum effective rate at 18% per annum. Previously, the cap was four percentage points above the average prime offer rate for a thirty-year fixed loan. The change takes effect July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.