There is a newer version
of
this Section
2018 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 32 - Residential Closing Funds Distribution Act of 2005
§ 47-32-103. Application.
Universal Citation: TN Code § 47-32-103 (2018)
(a) This chapter applies to transactions involving loans made by mortgage lenders utilizing settlement agents, which loans shall be secured by deeds of trust or mortgages on real estate, on the following:
(1) Dwellings containing not more than four (4) residential units, regardless of the purpose of such dwellings;
(2) Vacant lots zoned or designated for use as residential property; or
(3) Agricultural land.
(b) This chapter does not apply to transactions involving loans made by mortgage lenders on:
(1) Commercial real estate; or
(2) Industrial or other real estate not included in subsection (a).
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
