Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-04-02 - Homeownership Program
Section 0770-04-02-.17 - SERVICING AGREEMENTS
Universal Citation: TN Comp Rules and Regs 0770-04-02-.17
Current through April 3, 2024
In the case of each loan submitted to the Agency by an Originating Agent and approved by the Executive Director, the Executive Director will offer a contract for servicing the loan (Servicing Agreement) to such firm, provided the Originating Agent is an Eligible Servicer, on terms and conditions satisfactory to the Agency . Should the Originating Agent decline to enter into such Servicing Agreement, the Executive Director will have the option to either enter into a Servicing Agreement with another Eligible Servicer or perform the servicing of the loan by the Agency.
Authority: Public Acts of 1986, Chapter 510.
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