Tennessee § 13-22-115 - Graduated payment mortgages — Insurance authorized.
Full text of Tennessee Tennessee Code Annotated § 13-22-115 — Graduated payment mortgages — Insurance authorized., with citation guidance and answers to common questions.
§ 13-22-115. Graduated payment mortgages — Insurance authorized.
The agency may insure mortgages containing provisions for varying rates of amortization corresponding to anticipated variations in family income to the extent such mortgages: Have promise for expanding housing opportunities or meeting special needs; and Can be developed to include any safeguards for mortgagors or purchasers that may be necessary to offset special risks of such mortgages. Graduated payment mortgages insured by the agency pursuant to this section shall comply with the rules and regulations promulgated by the secretary of housing and urban development pursuant to 12 U.S.C. § 1715b and 12 U.S.C. § 1715z-10 [repealed]; provided, that this section shall only be applicable to first mortgages. Acts 1980, ch. 790, § 1; 1988, ch. 901, § 4. Compiler's Notes. Acts 1988, ch. 901, § 6 provided that, notwithstanding the provisions of § 4-29-112 , or any other law to the contrary, the former Tennessee housing rehabilitation corporation, created by § 13-22-103 , shall terminate and cease all activities by August 31, 1988. Former 12 U.S.C. § 1715 z-10, referred to in this section, was repealed by Act July 30, 2008, P.L. 110-289, Div B, Title I, Subtitle A, § 2120(a)(7), 122 Stat. 2835.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 13-22-115
What does Tennessee Code Annotated § 13-22-115 cover?
Section 13-22-115 ("Graduated payment mortgages — Insurance authorized.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 13-22-115?
A common citation format is "Tennessee Code Annotated § 13-22-115" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 13-22-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.