Limelight: State law details specifics of payday-lender policies Pay day loans in Tennessee are controlled as “deferred presentment solutions.” Customers who use deferred presentment service providers or payday lenders come under amendments towards the Deferred Presentment Services Act that went into impact in 2012, in accordance with officials utilizing the state dept. of finance institutions. Among sponsors associated with the bill that developed the work had been state Sen. Bill Ketron of […]