Tenn. Comp. R. & Regs. 0770-01-02-.14 - TRANSFER OF PROPERTY
Any property mortgaged to the Agency may be transferred.
However, except when prohibited by law or regulation of the mortgage insurer or guarantor, if the transferee is not a person of low or moderate income, otherwise fails to qualify under the requirements set forth in these regulations , upon the transfer of the property, the rate of interest on the mortgage loan will be adjusted to the maximum interest rate
permitted on Veteran's Administration or F.H.A. §203 (b) mortgage loans at the time the original promissory note was executed, whichever rate is lower.
Authority: T.C.A. § 13-23-115(18).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.