There is a newer version of the Tennessee Code
2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 30 - Home Equity Conversion Mortgages
§ 47-30-113 - Notice of foreclosure -- Continuation of interest.
TN Code § 47-30-113 (2014) What's This?
When a borrower's obligation to repay the reverse mortgage loan is triggered under ยง 47-30-112, in addition to all rights conferred upon owners and borrowers under title 35, chapter 5, the lender must give the borrower not less than sixty (60) days' notice of its intent to initiate foreclosure proceedings. If the contract so provides, interest will continue to accrue during the sixty-day period.
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