62-6-133. Acts prohibited by residential contractor -- Conflicts of interest.

*** Current through the 2015 Regular Session ***

Title 62  Professions, Businesses and Trades  
Chapter 6  Contractors and Contracting  
Part 1  General Provisions

Tenn. Code Ann. § 62-6-133  (2016)

62-6-133.  Acts prohibited by residential contractor -- Conflicts of interest. 

  (a) The following acts are prohibited by a residential contractor:

   (1) Having a controlling ownership interest in the lender providing a mortgage loan for home improvement for the work being performed by the contractor; or

   (2) Being a cosigner or acting as a guarantor for a mortgage loan for home improvement.

(b) As used in this section, "mortgage loan for home improvement" shall have the same meaning as defined in § 45-13-123(c).

HISTORY: Acts 2003, ch. 368, § 3.

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This Page Last Updated: July 28, 2016 at 11:54 am