Amends TCA Title 39, Chapter 15, Part 5; Title 45, Chapter 2, Part 12; Title 45, Chapter 20; Title 47, Chapter 30 and Title 67, Chapter 4, Part 4.
Tennessee HB2382 amends various sections of the Tennessee Code Annotated to authorize the use of a counselor approved by the Department of Financial Institutions to fulfill the requirement for independent counseling for buyers involved in reverse mortgage loans prior to closing. This bill affects individuals seeking reverse mortgages and the counseling process associated with these loans. Key provisions include the approval of counselors by the Department of Financial Institutions and modifications related to the counseling requirements for reverse mortgage transactions.
Tennessee HB2382 amends various sections of the Tennessee Code Annotated to authorize the use of a counselor approved by the Department of Financial Institutions to fulfill the requirement for independent counseling for buyers involved in reverse mortgage loans prior to closing. This bill affects individuals seeking reverse mortgages and the counseling process associated with these loans. Key provisions include the approval of counselors by the Department of Financial Institutions and modifications related to the counseling requirements for reverse mortgage transactions.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records