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34 chapters · 1,335 sections in this title.
Tenn. Code Ann. § 47-28-101 Chapter definitions
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(a) As used in this chapter, unless the context otherwise requires:(1) “Borrower” under an open-end credit agreement means all persons having the right under the terms of the agreement to request or demand advances under the agreement;(2) “Credit limit” means the maximum amount o…
Tenn. Code Ann. § 47-28-102 Securing of future advances authorized
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A mortgage may provide that it secures not only existing indebtednesses or advances made contemporaneously with the execution thereof, but also future advances, whether obligatory, or optional, or both, and whether made under open-end credit agreements or otherwise, to the same e…
Tenn. Code Ann. § 47-28-103 Priority of advances
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(a) The following advances relate back to the time of the recording of the mortgage, and are prior and superior to subsequent encumbrances and conveyances:(1) All advances, whether obligatory or optional, made under an open-end mortgage in accordance with this chapter;(2) All obl…
Tenn. Code Ann. § 47-28-104 Prerequisites for priority status
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(a) All open-end mortgages, in order to have the priority provided in § 47-28-103, must contain the following:(1) A statement or other notice conspicuously identifying the mortgage as an open-end mortgage;(2) A provision fixing a stated term for the duration of the open-end credi…
