Tennessee § 47-32-104 - Disbursement of loan funds to settlement agent.
Full text of Tennessee Tennessee Code Annotated § 47-32-104 — Disbursement of loan funds to settlement agent., with citation guidance and answers to common questions.
§ 47-32-104. Disbursement of loan funds to settlement agent.
A mortgage lender, mortgage loan broker, mortgage loan servicer, or other person shall, at or before loan closing, cause disbursement of loan funds, in one (1) of the forms identified in § 47-32-102(3), to the settlement agent. In any transaction in which the borrower may exercise a right of rescission under the federal Truth-in-Lending Act, compiled in 15 U.S.C. § 1601 et seq., and applicable federal regulations and interpretations, a mortgage lender, mortgage loan broker, mortgage loan servicer, or other person, shall cause disbursement of loan funds to the settlement agent not later than the first business day after the expiration of the rescission period. Acts 2005, ch. 273, § 5. Compiler's Notes. Substituted “47-32-102(3)” for “47-32-102(2)” in subsection (a) to correct an internal reference.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-32-104
What does Tennessee Code Annotated § 47-32-104 cover?
Section 47-32-104 ("Disbursement of loan funds to settlement agent.") 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 § 47-32-104?
A common citation format is "Tennessee Code Annotated § 47-32-104" (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 § 47-32-104 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.