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2017 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 22 - Housing Rehabilitation
§ 13-22-110. Maximum aggregate amount.
Universal Citation: TN Code § 13-22-110 (2017)
The agency shall not issue a commitment to insure or a contract of mortgage insurance, at any time, if upon issuance thereof the sum of the insured amounts under the agency's outstanding mortgage insurance contracts and the amounts to be insured under the agency's outstanding commitments to insure mortgages will exceed twenty (20) times the moneys held in or credited to the mortgage insurance fund pursuant to § 13-22-105(a).
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