Loan limitations
Acts 1985, ch. 473, § 5; 1986, ch. 510, § 5.
(1) The amount of any loan to any borrower made by the loan fund pool created by this part shall not exceed sixty-five percent (65%) of the total loan amount, plus any permissible closing costs eligible for financing.
(2) Loan agreements for repayment under this part shall not exceed thirty (30) years.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.