Section 1240-02-05-.07 - REBUTTABLE PRESUMPTION REGARDING OWNERSHIP(1) There shall be a rebuttable presumption concerning property which is subject to the provisions of this Chapter, except where otherwise clearly noted by the evidence of title or otherwise, or where legal ownership of property is otherwise clearly stated, that at least one-half of all real or tangible personal property that is titled to or in the possession of the obligor is owned by the obligor who is subject to the lien provisions of this Chapter.(2) All jointly held accounts in any financial institution shall be rebuttably presumed to be available in whole to the obligor.Tenn. Comp. R. & Regs. 1240-02-05-.07
Original rule filed December 18, 2001; effective March 3, 2002.Authority: T.C.A. §§ 4-5-202;36-5-901et seq.; 36-5-903, and 36-5-912.