{"data":{"id":"us-tn/tenn.-code-ann.-13-22-115","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 13-22-115","heading":"Graduated payment mortgages - Insurance authorized","body":"(a) The agency may insure mortgages containing provisions for varying rates of amortization corresponding to anticipated variations in family income to the extent such mortgages: (1) Have promise for expanding housing opportunities or meeting special needs; and (2) Can be developed to include any safeguards for mortgagors or purchasers that may be necessary to offset special risks of such mortgages. (b) Graduated payment mortgages insured by the agency pursuant to this section shall comply with the rules and regulations promulgated by the secretary of housing and urban development pursuant to 12 U.S.C. § 1715b and 12 U.S.C. § 1715z-10 [repealed]; provided, that this section shall only be applicable to first mortgages. Acts 1980, ch. 790, § 1; 1988, ch. 901, § 4.\n(a) The agency may insure mortgages containing provisions for varying rates of amortization corresponding to anticipated variations in family income to the extent such mortgages: (1) Have promise for expanding housing opportunities or meeting special needs; and (2) Can be developed to include any safeguards for mortgagors or purchasers that may be necessary to offset special risks of such mortgages.\n(1) Have promise for expanding housing opportunities or meeting special needs; and\n(2) Can be developed to include any safeguards for mortgagors or purchasers that may be necessary to offset special risks of such mortgages.\n(b) Graduated payment mortgages insured by the agency pursuant to this section shall comply with the rules and regulations promulgated by the secretary of housing and urban development pursuant to 12 U.S.C. § 1715b and 12 U.S.C. § 1715z-10 [repealed]; provided, that this section shall only be applicable to first mortgages.","path":["TN Code","Title 13","Chapter 22"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"c1fe0f8b3eeaa37c9965d132d503c1a91caa48cda069bdfb4f63bfd1c18264ca","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-13-22-114","next":"us-tn/tenn.-code-ann.-13-22-116"},"notice":"GroundRules: Original legal text. Not legal advice."}