| Tennessee Summary |
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Originator Licensing
Send a check request
for $100 to the DirectLender Compliance Department.
Branch Licensing
Only branches located
in the state
of Tennessee must be branch licensed. Please contact the
DirectLender Compliance Department if your branch is located in
Tennessee.
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Initial Disclosures
Tennessee Consent to Disclose Insurance Information
Tennessee Fee Deposit Agreement-Broker
Tennessee Fee Deposit Agreement -Lender
Tennessee Insurance Disclosure
Tennessee Title Insurance Notice
Final Disclosures
Coming Soon
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Points
and Fees*
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APR
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1st
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5%
or $2,400 whichever is greater
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8
+ Treasury Yield Index
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2nd
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5%
or $2,400 whichever is greater
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10
+ Treasury Yield Index
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HELOC
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5%
or $2,400 whichever is greater
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N/A
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*Principal dwelling under Fannie Mae
Conforming Limit ($417,000 for 2006)
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Tennessee
law
does not restrict Pre-Payment Penalties. Maximum 5 years
and/or
the fixed rate term on an adjustable rate mortgage.
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Permitted Fees
Coming Soon
Prohibited Fees
Coming Soon
Late Charge Fees
Coming Soon
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Funding Settlement
Wet State
Borrower Signing
Requirements
Tennessee is not a
community property state.
Closing Customs
Coming Soon
Real Estate Taxes
Taxes are due at
various times. Check with your Title Company.
Taxes are delinquent at various times. Check with
your Title Company.
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Advertising Record
Retention
Coming Soon
Advertising
Representation
Coming Soon
Telemarketing
Comings
Soon
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Disclaimer:
This
information is tailored for DirectLender. It is deemed reliable but not
guaranteed. It is not intended as legal advice, and should not be
relied upon as such. The laws, policies, and references cited change
periodically.
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