Tennessee Code Annotated
Tenn. Code Ann. § 47-14-118 (2026)
Usury or excessive charges - Statute of limitations
✓ current as of May 2026
- (a) No action shall be brought on any claim for usury after three (3) years from the date of last payment of the same or foreclosure or court action, whichever ensues first.
- (b) No action shall be brought on any claim for excessive loan charges, commitment fees, or brokerage commissions after three (3) years from the date of payment of the charges, fees or commissions.
Acts 1979, ch. 203, § 17.
Notes of Decisions
Cited in 3
cases (1 in the last 5 years), 1995–2025 · leading case: Pac. E. Corp. v. Gulf Life Holding Co., 902 S.W.2d 946 (Tenn. Ct. App. 1995).
Pac. E. Corp. v. Gulf Life Holding Co., 902 S.W.2d 946 (Tenn. Ct. App. 1995). “§ 28-307; the other in Tenn.Code Ann. § 47-14-118. Prior to 1978, the Constitution of Tennessee capped interest rates at ten percent.”
Pac. E. Corp. v. Gulf Life Holding Co. (In Re Pac. E. Corp.), 223 B.R. 523 (Bankr. M.D. Tenn. 1998). “” Tenn. Code Ann. § 47-14-118 (b) (Michie 1995).”
Sake, LLC v. Cain (M.D. Tenn. 2025). “” Tenn. Code Ann. § 47-14-118 (a). And the law provides the same limitation on actions for excessive loan charges, commitment fees, and brokerage commissions, which runs from the date of payment of the charges, fees, or commissions.”
— Tenn. Code Ann. § 47-14-118(a) — 1 case
Pac. E. Corp. v. Gulf Life Holding Co., 902 S.W.2d 946 (Tenn. Ct. App. 1995). “§ 28-307; the other in Tenn.Code Ann. § 47-14-118. Prior to 1978, the Constitution of Tennessee capped interest rates at ten percent.”
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