Tenn. Comp. R. & Regs. 0770-01-02-.19
Current through October 22, 2024
In the case of each loan submitted to the Agency by an Originating Agency and approved by the Executive Director, the Executive Director will offer a contract for servicing the loan (Servicing Agreement) to such firm, provided the Originating Agent is an Eligible Servicer, on terms and conditions satisfactory to the Agency. Should the Originating Agent decline to enter into such servicing agreement, the Executive Director will have the option to either enter into a servicing agreement with another Eligible Servicer or perform the servicing of the loan by the Agency.
Tenn. Comp. R. & Regs. 0770-01-02-.19
Authority: T.C.A. § 13-23-115(18).