47-15-101 - Definitions. - Tennessee Statutes

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47-15-101. Definitions.

As used in this chapter, unless the context otherwise requires:

(1) Home loan means a loan which is:

(A) Secured by real estate owned and occupied by the borrower for family residential purposes and which may include not more than three (3) additional residential units; and

(B) Amortized over a period greater than one hundred eighty-one (181) months; and

(2) Other terms used in this chapter, but not defined in this chapter, have the same meaning given to them by § 47-14-102.

[Acts 1979, ch. 208, § 1; T.C.A., § 47-14-201.]

State Codes and Statutes

Statutes > Tennessee > Title-47 > Chapter-15 > 47-15-101

47-15-101. Definitions.

As used in this chapter, unless the context otherwise requires:

(1) Home loan means a loan which is:

(A) Secured by real estate owned and occupied by the borrower for family residential purposes and which may include not more than three (3) additional residential units; and

(B) Amortized over a period greater than one hundred eighty-one (181) months; and

(2) Other terms used in this chapter, but not defined in this chapter, have the same meaning given to them by § 47-14-102.

[Acts 1979, ch. 208, § 1; T.C.A., § 47-14-201.]

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-47 > Chapter-15 > 47-15-101

47-15-101. Definitions.

As used in this chapter, unless the context otherwise requires:

(1) Home loan means a loan which is:

(A) Secured by real estate owned and occupied by the borrower for family residential purposes and which may include not more than three (3) additional residential units; and

(B) Amortized over a period greater than one hundred eighty-one (181) months; and

(2) Other terms used in this chapter, but not defined in this chapter, have the same meaning given to them by § 47-14-102.

[Acts 1979, ch. 208, § 1; T.C.A., § 47-14-201.]