Tenn. Comp. R. & Regs. 0770-04-02-.17
Current through January 8, 2025
In the case of each loan submitted to the Agency by an Originating Agent 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. 0770-04-02-.17
Authority: Public Acts of 1986, Chapter 510.