Below you will find important information on Tennessee state debt recovery laws including: Tennessee Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: TENNESSEE
Interest Rate
- Legal: 10%
- Judgment: 10% (or contract rate, whichever is greater)
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 6
- Written Contract: 6
- Domestic Judgment: 10
- Foreign Judgment: 10
BAD CHECK LAWS (CIVIL PENALTY)
Treble damages up to $500 + 10% interest & reasonable service charges, attorney fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law. Add $2.50 per week for dependent child under 16.