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34 chapters · 1,335 sections in this title.
Tenn. Code Ann. § 47-15-101 Chapter definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Home loan” means a loan which is:(A) Secured by real estate owned and occupied by the borrower for family residential purposes and which may include not more than three (3) additional residential units; and(B…
Tenn. Code Ann. § 47-15-102 Maximum rates
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(a) Except as provided in subsection (b), the maximum effective rate of interest per annum for home loans shall be set at an amount equal to four (4) percentage points above the average prime offer rate, as defined in 12 CFR 1026.35, that applies to a thirty-year fixed loan, as p…
Tenn. Code Ann. § 47-15-103 Determination and publication of rates — Reliance thereon
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(a) (1) The rate set in § 47-15-102 shall be determined by the commissioner of financial institutions on or before the twentieth day of each month and shall be in effect during the following calendar month.(2) The commissioner, upon making such determination, shall promptly make …
Tenn. Code Ann. § 47-15-104 Contract provisions
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(a) Home loan contracts to which this chapter applies may provide for the payment of a fixed rate of interest, a variable rate of interest, or any combination of fixed and variable rates in any sequence, subject to subsection (b). (b) (1) A contract may provide for a fixed rate o…
