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2019 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 28 - Open-End Mortgages and Mortgages Securing Future Advances
§ 47-28-110. Applicability and construction of chapter.
Universal Citation: TN Code § 47-28-110 (2019)
- This chapter applies to all loan or credit agreements and mortgages entered into from and after June 30, 1987. No provision herein shall be construed to:
(1) Invalidate a provision of any mortgage or contract entered into prior to June 30, 1987;
(2) Deny or curtail the right to a release of lien where the obligation it secures has been fully paid or satisfied; or
(3) Deny or curtail the right to a partial release except in the case of an open-end mortgage.
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