Tennessee § 45-20-106 - Actions prohibited to avoid application or provisions of chapter — Open-end credit plan.
Full text of Tennessee Tennessee Code Annotated § 45-20-106 — Actions prohibited to avoid application or provisions of chapter — Open-end credit plan., with citation guidance and answers to common questions.
§ 45-20-106. Actions prohibited to avoid application or provisions of chapter — Open-end credit plan.
No person shall, with the intent to avoid the application or provisions of this chapter: Divide a loan transaction into separate parts; Structure a loan transaction as an open-end credit plan for the purpose and with the intent of evading this chapter, when the loan would have been a high-cost home loan if the loan had been structured as a closed-end loan; or Engage in any other subterfuge. For purposes of this section, “open-end credit plan” means “open-end loan” as defined in 12 CFR 226.2(a)(20), and as used in the official staff commentary of the board of governors of the federal reserve system. For open-end credit plan, “points and fees” means “points and fees” as defined in 12 CFR 226.32, and as used in the official staff commentary of the board of governors of the federal reserve system that are known at or before closing, plus the minimum additional fees the borrower would be required to pay to draw down an amount equal to the total credit line. Acts 2006, ch. 801, § 6.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-20-106
What does Tennessee Code Annotated § 45-20-106 cover?
Section 45-20-106 ("Actions prohibited to avoid application or provisions of chapter — Open-end credit plan.") 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 § 45-20-106?
A common citation format is "Tennessee Code Annotated § 45-20-106" (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 § 45-20-106 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.