Tennessee Code > Title 66 > Chapter 4 > Part 3 – Loans by Nonprofit Lenders
Current as of: 2023 | Check for updates
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Other versions
| § 66-4-301 | Restrictive covenants on loans by nonprofit lenders at a zero or low interest rate |
Terms Used In Tennessee Code > Title 66 > Chapter 4 > Part 3 - Loans by Nonprofit Lenders
- Code: includes the Tennessee Code and all amendments and revisions to the code and all additions and supplements to the code. See Tennessee Code 1-3-105
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105