reglab/housing_qa huggingface dataset:
TN Code § 47-30-116 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 30 - Home Equity Conversion Mortgages|§ 47-30-116. Rules — Notice of Violation — Penalties — Civil Actions

  The commissioner shall adopt rules necessary to implement and enforce this chapter. Upon finding probable cause to believe that an authorized lender or any other person, firm, or corporation is in violation of this chapter, or of any law or any rule or regulation of this state, the United States, or an agency of the state or the United States, the commissioner shall, after affording reasonable notice and opportunity to be heard to the lender, order the lender to cease and desist from the violation.   If a lender fails to comply with or appeal the commissioner's cease and desist order, the lender is subject to a civil penalty of one thousand dollars ($1,000) for each violation that is the subject of the cease and desist order. The penalty imposed under this section is in addition to and not in lieu of penalties available under any other law applicable to a reverse mortgage lender.   Upon a finding that a reverse mortgage lender has violated this chapter, the commissioner may revoke, temporarily or permanently, the authority of the lender to make reverse mortgage loans.   A person damaged by a lender's actions may file an action in civil court to recover actual and punitive damages. Attorneys' fees shall be awarded to a prevailing borrower. Nothing in this chapter shall limit any statutory or common law right of a person to bring an action in court for any act, nor shall this chapter limit the right of the state to punish a person for the violation of any law.
TN Code § 47-30-117 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 30 - Home Equity Conversion Mortgages|§ 47-30-117. Legislative Intent — Construction With Other Laws

 It is the intent of the general assembly to authorize reverse mortgage loans under the provisions, terms and conditions imposed by this chapter. Nothing in this chapter shall be construed to apply to or restrict any loan, mortgage, or deed of trust which is valid under any other provision.
TN Code § 47-30-118 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 30 - Home Equity Conversion Mortgages|§ 47-30-118. Fannie Mae Reverse Mortgage Loans

  When a Fannie Mae Reverse Mortgage Loan becomes due, the amount owed by the borrower shall not be greater than:  The fair market value of the house; or   The outstanding balance of the loan, including any equity share, if applicable under the terms of the contract,  whichever is less.      The lender shall enforce the debt only through the sale of the property and shall not obtain a deficiency judgment against the borrower.
TN Code § 47-31-101 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 31 - Tobacco Manufacturers' Escrow Fund|§ 47-31-101. Short Title

 This chapter shall be known and may be cited as the “Tennessee Tobacco Manufacturers' Escrow Fund Act of 1999.”
TN Code § 47-32-101 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-101. Short Title

 This chapter shall be known and may be cited as the “Residential Closing Funds Distribution Act of 2005.”
TN Code § 47-32-103 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-103. Application

  This chapter applies to transactions involving loans made by mortgage lenders utilizing settlement agents, which loans shall be secured by deeds of trust or mortgages on real estate, on the following:  Dwellings containing not more than four (4) residential units, regardless of the purpose of such dwellings;   Vacant lots zoned or designated for use as residential property; or   Agricultural land.     This chapter does not apply to transactions involving loans made by mortgage lenders on:  Commercial real estate; or   Industrial or other real estate not included in subsection (a).
TN Code § 47-32-104 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-104. Disbursement of Loan Funds to Settlement Agent

  A mortgage lender, mortgage loan broker, mortgage loan servicer, or other person shall, at or before loan closing, cause disbursement of loan funds, in one (1) of the forms identified in § 47-32-102(3), to the settlement agent.   In any transaction in which the borrower may exercise a right of rescission under the federal Truth-in-Lending Act, compiled in 15 U.S.C. § 1601 et seq., and applicable federal regulations and interpretations, a mortgage lender, mortgage loan broker, mortgage loan servicer, or other person, shall cause disbursement of loan funds to the settlement agent not later than the first business day after the expiration of the rescission period.
TN Code § 47-32-105 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-105. Disbursement of Funds by Settlement Agent From Escrow or Settlement Account

  No settlement agent shall disburse any funds from an escrow or settlement account in connection with a mortgage loan transaction identified in § 47-32-103(a), until:  Disbursement of loan funds, designated for said mortgage loan, has been received by the settlement agent;   Such additional funds necessary to be provided by the borrower or other third party to fully fund the transaction have been received. All additional funds required by this subdivision (a)(2) in excess of one thousand dollars ($1,000), shall be provided to the settlement agent in one (1) of the forms identified in § 47-32-102(3); and   All documents required to complete the transaction have been executed and are deemed suitable for recording.     In any transaction in which the borrower may exercise a right of rescission under the federal Truth-in-Lending Act, compiled in 15 U.S.C. § 1601 et seq., and the settlement agent has received loan funds prior to or on the first business day after the time the rescission right has expired, the settlement agent shall not disburse any settlement proceeds earlier than the first day after the expiration of the rescission period, and the settlement agent has determined that the borrower has not exercised the right of rescission.
TN Code § 47-32-106 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-106. Noncompliance

 Failure to comply with this chapter shall not affect the validity or enforceability of any loan documents.
TN Code § 47-32-107 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 32 - Residential Closing Funds Distribution Act of 2005|§ 47-32-107. Violations — Liability — Penalties — Frivolous Actions

  Any party violating this chapter is liable to any other party suffering a loss due to such violation, for any actual damages sustained, plus reasonable attorneys' fees. In addition, any party in violation of this chapter shall pay to the other party or parties suffering a loss an amount equal to one thousand dollars ($1,000), or double the amount of interest payable on the mortgage loan for the first sixty (60) days after the loan closing, whichever amount is greater.   Any party may bring an action in chancery court for declaratory or injunctive relief to prevent any violations of this chapter.   In any private action commenced under this chapter, upon finding that the action is frivolous, without legal or factual merit, or brought for the purpose of harassment, the court may require the person instituting the action to indemnify the defendant for any damages incurred, including reasonable attorneys' fees and costs.
TN Code § 47-50-101 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-101. Private and Corporation Seals Abolished

 The use of seals in or upon written contracts or other instruments of writing, whether of persons or of corporations, is abolished, and the absence of such seal therefrom, or its addition thereto, shall not affect its character or validity or legal effect in any respect.   Code 1858, § 1804 (deriv. Acts 1849-1850, ch. 20, § 1; 1849-1850, ch. 60, § 1); Shan., § 3213; Code 1932, § 7828; Acts 1937, ch. 41, § 1; mod. C. Supp. 1950, § 7828 (Williams, §§ 7828, 7828.1); T.C.A. (orig. ed.), §§ 47-1701, 47-15-101.
TN Code § 47-50-102 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-102. Assignable Instruments — Suit by Assignee

 Bonds with collateral conditions, bills or notes for specific articles or the performance of any duty, nonnegotiable notes for money and accepted orders shall be assignable, and suit may be prosecuted by the assignee in the assignee's own name.   Code 1858, § 1967 (deriv. Acts 1801, ch. 6, § 54); Shan., § 3516; mod. Code 1932, § 7321; T.C.A. (orig. ed.), §§ 47-801, 47-15-102.
TN Code § 47-50-103 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-103. Written Contracts Prima Facie Evidence of Consideration

 All contracts in writing signed by the party to be bound, or the party's authorized agent and attorney, are prima facie evidence of a consideration.   Code 1858, § 1805; Shan., § 3214; Code 1932, § 7829; T.C.A. (orig. ed.), §§ 47-1702, 47-15-103.
TN Code § 47-50-104 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-104. Failure of Consideration — Defense

 The want or failure, in whole or in part, of the consideration of a written contract, may be shown as a defense, total or partial, as the case may be, in an action on such contract, brought by anyone who is not an innocent and bona fide holder.   Code 1858, § 1806 (deriv. Acts 1849-1850, ch. 20, § 1; 1849-1850, ch. 60, § 1); Shan., § 3215; Code 1932, § 7830; T.C.A. (orig. ed.), §§ 47-1703, 47-15-104.
TN Code § 47-50-105 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-105. Nonnegotiable Orders for Payment of Money

  When any person, by a nonnegotiable order in writing, signed by the person's proper hand, directs the payment of any money in the hands of another person, to any person whatsoever, or to the bearer, the money shall, by virtue thereof, be due and payable to the person to whom the order is drawn payable.   Such order may be put in suit by the person to whom the money is made payable, against the person who drew the same, or against the person on whom it is drawn, after acceptance.   No holder of such order shall prosecute any suit against the drawer, for the money therein specified, before the order has been first protested for nonacceptance, and notice thereof given to the drawer before action brought. If any such action be brought on any such order before such notice and refusal of payment by the drawer, the plaintiff shall be nonsuited, and pay costs.    Code 1858, §§ 1959-1961 (deriv. Acts 1762, ch. 9, §§ 4, 5); Shan., §§ 3508-3510; Code 1932, §§ 7322-7324; T.C.A. (orig. ed.), §§ 47-802 — 47-804, 47-15-105 — 47-15-107.
TN Code § 47-50-106 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-106. Action on Instruments May Be Joint or Several

 Upon any note or negotiable instrument, the holder may maintain a joint action against the maker and any one (1) or more of the sureties or endorsers; or a joint and several action against the maker and/or any one (1) or more of the sureties or endorsers.   Code 1858, § 1958 (deriv. Acts 1820, ch. 25, § 1; 1837-1838, ch. 5, § 1); Shan., § 3507; mod. Code 1932, § 7317; T.C.A. (orig. ed.), §§ 47-805, 47-15-108.
TN Code § 47-50-107 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-107. Action on Protested Bill May Be Joint or Several

 Any person having a right to demand any sum of money due upon a protested bill of exchange may commence and prosecute an action for principal, interest, and charges of protest, against the drawer, endorsers, or other party, jointly, or against either of them separately.   Code 1858, § 1962 (deriv. Acts 1741, ch. 16, § 4); Shan., § 3511; mod. Code 1932, § 7318; T.C.A. (orig. ed.), §§ 47-806, 47-15-109.
TN Code § 47-50-108 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-108. Effect of Epidemic

  Whenever the legally constituted health authorities of any incorporated town or city, or the mayor, in the absence of a board of health, in this state, shall officially announce the prevalence, as an epidemic, within the limits of such town or city, of any contagious or infectious disease of so malignant or dangerous a character as to suspend or seriously interrupt the business transactions of such town or city, as certified to by the health authorities, the owners or holders of any negotiable paper, such as notes, foreign or inland bills of exchange, or any other evidence of debt requiring demand and notice, or demand, notice, and protest, shall be excused from making such demand, giving such notice, and entering such protest while such epidemic prevails.   Such demand, notice, and protest made, given, and entered within fifteen (15) days after such epidemic has been declared at an end by the health authorities or mayor is as binding upon the parties sought to be charged as if the same steps had been taken upon the day of the maturity of the paper.   If any incorporated town or city within this state has lost, or shall lose, its corporate existence by a surrender or repeal of its charter, this section applies, in all respects, so far as may be practicable, to the territory, by whatsoever name it may be known or distinguished, embraced within the former corporate limits of such town or city.
TN Code § 47-50-109 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-109. Procurement of Breach of Contracts Unlawful — Damages

 It is unlawful for any person, by inducement, persuasion, misrepresentation, or other means, to induce or procure the breach or violation, refusal or failure to perform any lawful contract by any party thereto; and, in every case where a breach or violation of such contract is so procured, the person so procuring or inducing the same shall be liable in treble the amount of damages resulting from or incident to the breach of the contract. The party injured by such breach may bring suit for the breach and for such damages.
TN Code § 47-50-110 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-110. Printed Contract Forms — Certain Extracted Products

  Every printed portion of the text of contract forms and papers attached thereto which are used for the purchase or lease of products to be extracted either from the earth or from beneath the earth shall be printed in a type style of common usage and in a type size of not less than ten (10) point so that both the contract forms and attached papers may be clearly legible.   Any printed contract form used after July 1, 1980, which violates this section shall be voidable at the option of the aggrieved party.   This section does not apply to contract forms printed and used by the state of Tennessee.
TN Code § 47-50-111 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-111. Direct Molding — Unlawful Duplication of Goods

  It is unlawful for any person to duplicate for the purpose of sale, any manufactured item made by another without the permission of that other person using the direct molding process described in subsection (c).   It is unlawful for any person to sell an item duplicated in violation of subsection (a).   The direct molding processes subject to this section is any direct molding process in which the original manufactured item was itself used as a plug for the making of the mold which is used to manufacture the duplicate item.   Any person injured by a violation of this section may bring an action in a court of competent jurisdiction for an injunction prohibiting such violations. In addition, the injured person shall be entitled to actual damages incurred as a result of such violations, reasonable attorney's fees, and costs.   This section applies only to items duplicated using a mold made on or after July 1, 1983.
TN Code § 47-50-112 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-112. Contracts to Be Enforced as Written

  All contracts, including, but not limited to, notes, security agreements, deeds of trust, and installment sales contracts, in writing and signed by the party to be bound, including endorsements thereon, shall be prima facie evidence that the contract contains the true intention of the parties, and shall be enforced as written; provided, that nothing herein shall limit the right of any party to contest the agreement on the basis it was procured by fraud or limit the right of any party to assert any other rights or defense provided by common law or statutory law in regard to contracts.   Any contract, security agreement, note, deed of trust, or other security instrument, in writing and signed or endorsed by the party to be bound, that provides that the security interest granted therein also secures other provisions or future indebtedness, regardless of the class of other indebtedness, be it unsecured, commercial, credit card, or consumer indebtedness, shall be deemed to evidence the true intentions of the parties, and shall be enforced as written; provided, that nothing herein shall limit the right of any party to contest the agreement on the basis that it was procured by fraud or limit the right of any party to assert any other rights or defense provided by common law or statutory law in regard to contracts.   If any such security agreement, note, deed of trust, or other contract contains a provision to the effect that no waiver of any terms or provisions thereof shall be valid unless such waiver is in writing, no court shall give effect to any such waiver unless it is in writing.
TN Code § 47-50-113 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-113. Disposition of Personal Property Found in or on Repossessed Vehicle — Reclamation by Owner

  When a vehicle is repossessed in this state, the individual, business or agency involved in the repossession may not abandon any personal property found in or on the vehicle for a period of fourteen (14) days following the repossession; provided further, that the individual, business or agency and any other individual or entity may not sell or otherwise dispose of the personal property during this fourteen-day period, notwithstanding title 45 or this title. If the owner reclaims the personal property within the fourteen-day period, then the owner shall be given possession without payment of any charges or fees.   For purposes of this section:  “Personal property” means any and all movable property not permanently affixed to the vehicle; and   “Vehicle” includes any:  Motor vehicle as defined in § 55-1-103;   Aircraft as defined in § 42-2-101;   Personal watercraft as defined in § 69-9-501;   Boat as defined in § 69-3-103;   Off-road vehicle as defined in § 47-25-1902;   Farm tractor as defined in § 55-1-104;   Tractor-drawn major farm implement subject to § 39-14-135; and   Industrial equipment operated by means of mechanical power upon which a person or property may be transported.
TN Code § 47-50-115 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-115. Reimbursement of Federal Excise Taxes

  When a contract calls for one party to reimburse the other party for the federal manufacturer's excise tax levied by Part III of Subchapter A of Chapter 32 of the Internal Revenue Code, whether as a separate item or as part of the price, there shall exist for the party making the reimbursement a contractual right relating to the timing of that payment which can be invoked at the option of such party as provided in subsection (b).   The party making the reimbursement shall not be required to tender payment for such taxes more than one business day prior to the time the other party is required to remit such taxes to the internal revenue service.   Should a party choose to exercise the option provided in subsections (a) and (b), the other party may demand security for the payment of the taxes in proportion to the amount such taxes represent compared to the security demanded on the contract as a whole. Such party, however, may not change the other payment terms of the contract without a valid business reason other than to exercise the option as provided in subsections (a) and (b), except to require the payment of such taxes under such option to be made by electronic transfer of funds.   The party exercising the option set out in subsections (a) and (b) shall notify the other party in writing of the intent to exercise such payment option and the effective date of the exercise which shall be no earlier than thirty (30) days after the notice of intent is received or the beginning of the next federal tax quarter, whichever is later.   This section applies to all contracts in effect on July 1, 1994, which have no expiration date and are continuing contracts, and to all other contracts entered into or renewed after July 1, 1994. Any contract in force and effect July 1, 1994, which, by its own terms, will terminate on a date subsequent thereto, shall be governed by the law as it existed prior to July 1, 1994.   The option set out in subsections (a) and (b) shall not be construed to impair the obligation arising under any contract executed prior to July 1, 1994. Should the option set out in subsections (a) and (b) be exercised, it shall not relieve such party of the obligation to make the reimbursement as provided for in the contract but shall affect only the timing of when that reimbursement must be tendered.   All laws and parts of laws in conflict with this section are repealed.
TN Code § 47-50-116 (2021)
2021 Tennessee Code|Title 47 - Commercial Instruments and Transactions|Chapter 50 - Miscellaneous Provisions|§ 47-50-116. References to 911 Service Restricted

  It is unlawful for any individual or entity to make reference to 911 service, as authorized under title 7, chapter 86, in any advertisement if such reference is false, misleading, or deceptive. As used in this section, “advertisement” means any representation disseminated in any manner or by any means, other than by labeling, for the purpose of inducing the purchase of an item or service.   A violation of this section is a Class C misdemeanor punishable only by a fine. An emergency communications district may seek an order from a court with competent jurisdiction enjoining a violator from such unlawful conduct. The court may award reasonable attorney fees and costs to a prevailing district in such case.