Tennessee § 66-27-504 Declarant liability

Tennessee Statutes

§ 66-27-504 — Declarant liability

Tennessee § 66-27-504

Title66

This text of Tennessee § 66-27-504 (Declarant liability) 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. § 66-27-504 (2026).

Text

If the declarant prepared or caused to be prepared all or a part of the information required by this part, the declarant may be held liable for any materially false or misleading statement, or for any material omission of any required information, with respect to that portion of the information that the declarant prepared. The declarant shall not be liable for:

(1)Any false or misleading information or for any omission of material fact unless the declarant had actual knowledge of the statement or omission, or, in the exercise of reasonable care, should have known of the statement or omission; or (2) Following the end of the period of declarant control, failure of the association to provide information under § 66-27-503 that was prepared by the declarant.

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If the declarant prepared or caused to be prepared all or a part of the information required by this part, the declarant may be held liable for any materially false or misleading statement, or for any material omission of any required information, with respect to that portion of the information that the declarant prepared. The declarant shall not be liable for: (1) Any false or misleading information or for any omission of material fact unless the declarant had actual knowledge of the statement or omission, or, in the exercise of reasonable care, should have known of the statement or omission; or (2) Following the end of the period of declarant control, failure of the association to provide information under § 66-27-503 that was prepared by the declarant.