Tenn. Comp. R. & Regs. 0770-01-03-.04 - CLASS II BUILDERS

Current through March 20, 2022

To be qualified as a Class II Builder by the Agency, a builder must:

(1) Have a HUD rating of 100, current within two (2) years, or have met the performance goals under the most recent Reservation of Funds Programs for builders.
(2) Have previous FHA/VA building
(3) Have a net worth of at least $100,000 supported by a current financial statement. This statement is subject to verification by the Agency which may require an audit.
(4) Submit a current letter from a financial institution or institutions indicating construction funds will be made available to the Builder.


Tenn. Comp. R. & Regs. 0770-01-03-.04
Original rule filed August 15, 1979, effective September 28, 1979. Amendment filed December 7, 1980; effective February 11, 1981.

Authority: T.C.A. ยง13-2315 (18).

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