Impact in Tennessee
2 min read
Published July 14, 2026 • By DocketMath Team
This page has current canonical verification receipts.
Quoted from the source law itself. Not legal advice; confirm how it applies to your matter.
Current verified answer
Tennessee impact: interest rate is 10; interest rate judgments is 10.
Calculate nowAuthority and key facts
- Interest Rate: 10
- Interest Rate Judgments: 10
- Interest: The cost of borrowing money, typically expressed as a percentage.
- Max Contract Rate: 20
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Impact in Tennessee
Under Tennessee law, the prejudgment interest rate on commercial contracts is set at 10 percent per annum. This rate is established by Tenn. Code Ann. § 47-14-122, which governs the calculation of interest when no other rate is agreed upon by the parties. The statute applies to actions for damages arising from commercial transactions, providing a fixed statutory rate rather than a variable market rate. The interest accrues from the date the debt became due, and the official statute outlines how the period is determined. The worked example below demonstrates the standard calculation using the 10 percent rate. For a precise estimate of interest in a specific case, the DocketMath calculator can compute the amount based on the relevant dates and principal.
Governing authority
In Tennessee, the impact rule is set by Tenn. Code Ann. § 47-14-122. The verified packet cites Tenn. Code Ann. § 47-14-122 (https://law.justia.com/codes/tennessee/2010/title-47/chapter-14/part-1/47-14-122).
Tennessee impact: the verified value is 10% under Tenn. Code Ann. § 47-14-122. The verified packet cites Tenn. Code Ann. § 47-14-122 (https://law.justia.com/codes/tennessee/2010/title-47/chapter-14/part-1/47-14-122).
Estimate your own result: every situation has exceptions that can change the outcome. Use the impact calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.