Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-01-02 - Homeownership Loan Program
Section 0770-01-02-.17 - ADVANCE CONDITIONAL LOAN COMMITMENTS
Universal Citation: TN Comp Rules and Regs 0770-01-02-.17
Current through September 24, 2024
To stimulate the development, construction, and sale of low and moderate income housing, the Executive Director may issue advance conditional commitments to make mortgage loans to qualified mortgagors upon completion by a qualified sponsor, developer, or builder of homes which meet the criteria of Rule 0770-1-2-.05 and the accompanying Rules of Practice, whether or not construction costs are financed by an Agency mortgage loan; provided that individual mortgage applicants for the commitments herein reserved meet the requirements of Rule 0770-1-2-.04 and associated underwriting criteria.
Authority: T.C.A. § 13-23-115(18).
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
