Terms Used In Tennessee Code 7-60-101

  • Home: means residential housing, including real property and improvements on real property, consisting of one (1) or more dwelling units, including, but not limited to, condominium units, owned by one (1) person or family of lower or moderate income that occupies or intends to occupy one (1) of such units. See Tennessee Code 7-60-103
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

This chapter shall be known and may be cited as the “Tennessee Home Mortgage Act.”