All home mortgages and notes or other obligations of lending institutions executed pursuant to this chapter and held by or on behalf of the county and the revenues and receipts derived by such county from the mortgages, notes and other obligations shall be exempt from all taxation in this state. The exemption contained in this section shall not be construed as an exemption from the payment of any mortgage recording or registration fees otherwise required by law.
Tenn. Code Ann. § 7-60-215
Tax exemption for participating county
Known as the Tennessee Home Mortgage Act
The act spans §§ 7–7 (22 sections).
Acts 1979, ch. 439, § 1; T.C.A., § 6-4418; Acts 1981, ch. 504, § 25.
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.