Section 1640-01-03-.06 - INTEREST(1) Interest shall accrue at the rate of nine percent (9%) per year or such other rate as shall be established by TSAC after completion of the program. All interest shall be based upon the unpaid balance of the loan. The accrued interest may be capitalized.Tenn. Comp. R. & Regs. 1640-01-03-.06
Original rule filed January 23, 1976; effective April 15, 1976. Repeal and new rule filed as a Public necessity rule on December 11, 2006; effective through May 25, 2007. Original rule filed December 11, 2006; effective April 30, 2007. Repeal and new rule filed December 27, 2013; effective 5/31/2014.Authority: T.C.A. § 49-4-201, 49-4-203, 49-4-204, 49-4-702, and 2006 Tenn. Pub. Acts Ch. 882.