Tennessee § 47-30-113 Notice of foreclosure - Continuation of interest

Tennessee Statutes

§ 47-30-113 — Notice of foreclosure - Continuation of interest

Tennessee § 47-30-113

Title47

This text of Tennessee § 47-30-113 (Notice of foreclosure - Continuation of interest) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-30-113 (2026).

Text

When a borrower's obligation to repay the reverse mortgage loan is triggered under § 47-30-112 , in addition to all rights conferred upon owners and borrowers under title 35, chapter 5, the lender must give the borrower not less than sixty (60) days' notice of its intent to initiate foreclosure proceedings. If the contract so provides, interest will continue to accrue during the sixty-day period.

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When a borrower's obligation to repay the reverse mortgage loan is triggered under § 47-30-112 , in addition to all rights conferred upon owners and borrowers under title 35, chapter 5, the lender must give the borrower not less than sixty (60) days' notice of its intent to initiate foreclosure proceedings. If the contract so provides, interest will continue to accrue during the sixty-day period.