# Tenn. Code Ann. § 45-5-101: Purpose and construction

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-101

## Section

- **Citation:** Tenn. Code Ann. § 45-5-101
- **Heading:** Purpose and construction
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 5 / Section 45-5-101

## Text

(a) This chapter is adopted for the purpose of revising and restating the Industrial Loan and Thrift Companies Act, to the end that the people of this state may have available the facilities and resources of regulated lending institutions to meet their needs for loans at rates and charges reasonably commensurate with economic realities. (b) This chapter shall be liberally construed to effectuate its declared purpose, and to that end, no charge authorized under this chapter shall be construed as interest or a loan charge that is not defined and denominated as such. (c) The procedural provisions of this chapter shall be construed in pari materia with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to the end that all proceedings under this chapter to which the Uniform Administrative Procedures Act applies shall be governed by the Uniform Administrative Procedures Act, with this chapter construed as supplemental thereto. Only where there is an express conflict shall this chapter be deemed to control. Acts 1979, ch. 204, § 25; T.C.A., § 45-2025.
(a) This chapter is adopted for the purpose of revising and restating the Industrial Loan and Thrift Companies Act, to the end that the people of this state may have available the facilities and resources of regulated lending institutions to meet their needs for loans at rates and charges reasonably commensurate with economic realities.
(b) This chapter shall be liberally construed to effectuate its declared purpose, and to that end, no charge authorized under this chapter shall be construed as interest or a loan charge that is not defined and denominated as such.
(c) The procedural provisions of this chapter shall be construed in pari materia with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to the end that all proceedings under this chapter to which the Uniform Administrative Procedures Act applies shall be governed by the Uniform Administrative Procedures Act, with this chapter construed as supplemental thereto. Only where there is an express conflict shall this chapter be deemed to control.
Acts 1979, ch. 204, § 25; T.C.A., § 45-2025.

## Nearby sections

- [Tenn. Code Ann. § 45-5-101 Purpose and construction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-101.md)
- [Tenn. Code Ann. § 45-5-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-102.md)
- [Tenn. Code Ann. § 45-5-103 Requirement of registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-103.md)
- [Tenn. Code Ann. § 45-5-104 Scope of chapter](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-104.md)
- [Tenn. Code Ann. § 45-5-105 Persons registered under former law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-105.md)
- [Tenn. Code Ann. § 45-5-106 Violation of provisions a misdemeanor - Penalty](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-106.md)
- [Tenn. Code Ann. § 45-5-107 Delegation to industrial loan and thrift companies division](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-107.md)
- [Tenn. Code Ann. § 45-5-201 General qualifications for registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-201.md)
- [Tenn. Code Ann. § 45-5-202 Procedures for registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-202.md)
- [Tenn. Code Ann. § 45-5-203 Expiration of registration certificates - Renewal - Fees - Evidence that surety bond adjusted - Continuing education and testing - Biennial registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-203.md)
- [Tenn. Code Ann. § 45-5-204 Denial of applications for registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-204.md)
- [Tenn. Code Ann. § 45-5-205 Suspension or revocation of certificates of registration](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-205.md)
- [Tenn. Code Ann. § 45-5-206 Lost certificates of registration - Substitutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-206.md)
- [Tenn. Code Ann. § 45-5-207 License requirement - Sponsorship - Registrant subject to all applicable requirements and prohibitions of chapter 13 of this title - Violations - Submission of reports to the Nationwide Mortgage Licensing System and Registry](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-207.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C5_S45-5-101. Check the current official text before relying on it. Not legal advice.