No corporation qualified to engage in the business of title insurance under this chapter shall guarantee the payment of any note, bond, mortgage or obligation of any other person or corporation, or execute collateral trust indentures as principal, or issue bonds secured by mortgages pledged under collateral trust indentures or certificates of participation in notes or mortgages, or engage in the business of banking.
Tenn. Code Ann. § 56-35-104
Business prohibited title companies
Known as the Title Insurance Law
The act spans §§ 56–56 (38 sections).
Acts 1955, ch. 173, § 3; T.C.A., § 56-3404.
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.