Tenn. Comp. R. & Regs. 0780-01-18-.05 - SINGLE INTEREST INSURANCE ON HOUSEHOLD GOODS AND SINGLE INTEREST AUTO AS COLLATERAL

In the case of a total loss, the insurance company shall issue a check payable to the loan company for the amount of insurance in effect as of the date of loss. The loan company, after applying the amount of insurance then in effect, shall pay all refunds to the borrower by check, and then give the borrower his promissory note stamped "PAID."

Notes

Tenn. Comp. R. & Regs. 0780-01-18-.05

Original rule certified June 10, 1974. Amended: Filed August 5, 1974; Effective September 4, 1974.

Authority: T.C.A. §45-2011.