Tennessee § 47-30-115 - Prohibited acts.
Full text of Tennessee Tennessee Code Annotated § 47-30-115 — Prohibited acts., with citation guidance and answers to common questions.
§ 47-30-115. Prohibited acts.
Reverse mortgage lenders are prohibited from engaging in any of the following acts in connection with the making, servicing, or collecting of a reverse mortgage loan: Misrepresenting material facts, making false promises, or engaging in a course of misrepresentation through agents or otherwise; Failing to disburse funds in accordance with the terms of the reverse mortgage loan contract or other written commitment; Improperly refusing to issue a release of a mortgage; Engaging in any action or practice that is unfair or deceptive, or that operates a fraud on any person; Contracting for or receiving shared appreciation, except that this subdivision (5) shall not apply to any Fannie Mae Reverse Mortgage Loan; Closing a reverse mortgage loan without receiving certification from a counselor that the borrower has received counseling on the advisability of a reverse mortgage loan and the appropriate reverse mortgage loan for the borrower; or Failing to comply with this chapter. Acts 1993, ch. 410, § 16; 1997, ch. 286, § 11.
Frequently Asked Questions About Tennessee § 47-30-115
What does Tennessee Code Annotated § 47-30-115 cover?
Section 47-30-115 ("Prohibited acts.") 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 § 47-30-115?
A common citation format is "Tennessee Code Annotated § 47-30-115" (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 § 47-30-115 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.