Tenn. Comp. R. & Regs. 1320-02-01-.12

Current through October 22, 2024
Section 1320-02-01-.12 - NOTICE OF SALE
(1) The Commissioner or his delegate may use other methods of giving notice of sale and of advertising seized property, in addition to those referred to in T.C.A. § 67-1-1415, when he believes that the nature of the property to be sold is such that a wider or more specialized coverage will enhance the possibility of obtaining a substantially higher price for the property.
(2) When the property to be sold is real property it shall be sufficient if the notice specifies the property to be sold property to be sold as that located at a particular mailing address and which is otherwise sufficient to locate the property, identify the improvements thereon, if any, and indicate whether it is a residence, commercial property, a farm, or other property devoted to other specialized uses. A description of real property by metes and bounds shall not be required; however, the approximate acreage, or dimensions where more appropriate, shall be specified in the notice.

Tenn. Comp. R. & Regs. 1320-02-01-.12

Original rule filed June 7, 1974. Amendment filed June 22, 1989; effective September 27. 1989.

Authority: T.C.A. §§ 67-1-1439 and 67-1-1415.