Car Title Loans in Tennessee2026 Guide
Car title loans are legal in Tennessee under the Tennessee Title Pledge Act (T.C.A. § 45-15-101). Learn 20% customary fee structures, 30-day contract terms, 30-day redemption windows, and surplus equity refund rules in 2026.
Legal Status & Regulations
Governing Law
TN Code §45-15-101
Last Reviewed: April 2026
Law Summary
Tennessee regulates title loans under the Tennessee Title Pledge Act (Tenn. Code Ann. § 45-15-101 et seq.) through the Department of Financial Institutions (TDFI). State law limits interest to 2% per month but permits a maximum monthly customary fee of up to 20% of the principal. Contracts are executed as 30-day pledge agreements. Upon default, borrowers retain a statutory 30-day post-maturity redemption window to redeem the vehicle before sale, and lenders must return all sale surplus.
Real Rate Example in Tennessee
A $1,500 loan in Tennessee at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
TN Dept. of Financial Institutions