There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 13 - Public Planning And Housing
Chapter 23 - Housing Development Agency
Part 3 - Homebuyers' Revolving Loan Fund Pool
13-23-305 - Loan limitations.
13-23-305. Loan limitations.
(a) The amount of any loan to any borrower made by the loan fund pool created by this part shall not exceed sixty-five percent (65%) of the total loan amount, plus any permissible closing costs eligible for financing.
(b) Loan agreements for repayment under the provisions of this part shall not exceed thirty (30) years.
[Acts 1985, ch. 473, § 5; 1986, ch. 510, § 5.]
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