Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-01-03 - New Homes Regulations
Section 0770-01-03-.04 - CLASS II BUILDERS
Universal Citation: TN Comp Rules and Regs 0770-01-03-.04
Current through September 24, 2024
To be qualified as a Class II Builder by the Agency, a builder must:
(1) Have a HUD rating of 100, current within two (2) years, or have met the performance goals under the most recent Reservation of Funds Programs for builders.
(2) Have previous FHA/VA building
(3) Have a net worth of at least $100,000 supported by a current financial statement. This statement is subject to verification by the Agency which may require an audit.
(4) Submit a current letter from a financial institution or institutions indicating construction funds will be made available to the Builder.
Authority: T.C.A. §13-2315 (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.
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