Tennessee § 45-13-102 - Purpose.
Full text of Tennessee Tennessee Code Annotated § 45-13-102 — Purpose., with citation guidance and answers to common questions.
§ 45-13-102. Purpose.
The origination or offering of financing for residential real property has a direct, valuable and immediate impact upon Tennessee's consumers, Tennessee's economy, the neighborhoods and communities of this state and the housing and real estate industry. The general assembly finds that accessibility to mortgage credit is vital to the state's citizens. It is the purpose of this chapter to ensure a sound system of making residential mortgage loans through the licensing, examination and regulation of mortgage lenders, mortgage loan brokers, mortgage loan servicers and mortgage loan originators. It is also the purpose of this chapter to carry out the purposes and to be compliant with the requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 ( 12 U.S.C. § 5101 et seq.). Acts 2009, ch. 499, § 8. Compiler's Notes. Former chapter 13, §§ 45-13-101 —45-13-129 (Acts 1988, ch. 846, §§ 1-18; 1990, ch. 788, §§ 1-3; 1996, ch. 629, § 1; 2001, ch. 165, §§ 10-20; 2003, ch. 141, §§ 1-3; 2004, ch. 747, §§ 1-10; 2005, ch. 463, § 1; 2008, ch. 821, §§ 1-3, 5-9), concerning the Tennessee Residential Lending, Brokerage and Servicing Act of 1988, was repealed and replaced by the Tennessee Residential Lending, Brokerage and Servicing Act by Acts 2009, ch. 499, § 8, effective July 31, 2009. See this chapter for current provisions.
Frequently Asked Questions About Tennessee § 45-13-102
What does Tennessee Code Annotated § 45-13-102 cover?
Section 45-13-102 ("Purpose.") 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 § 45-13-102?
A common citation format is "Tennessee Code Annotated § 45-13-102" (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 § 45-13-102 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.