Tennessee Code 68-212-405 – Security interest holders – Effect
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 68-212-405
- Holder: is a person who maintains indicia of ownership primarily to protect a security interest. See Tennessee Code 68-212-401
- Security interest: means an interest in a site, vessel or facility created or established for the purpose of securing a loan or other obligation. See Tennessee Code 68-212-401
Nothing in this part shall be construed to require a holder of a security interest to conduct or require an environmental inspection, audit or assessment, and the liability of the holder of the security interest shall not be based on or affected by a failure to conduct an environmental inspection, audit or assessment.