{"data":{"id":"us-tn/tenn.-code-ann.-47-30-112","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-30-112","heading":"Borrower's default - Terms and conditions","body":"A reverse mortgage loan contract may provide for a borrower's default, thereby triggering early repayment of the loan, based only upon one (1) or more of the following terms and conditions:\n(1) The borrower fails to maintain the residence as required by the contract;\n(2) The borrower sells or otherwise conveys title to the home to a third party;\n(3) The borrower dies and the home is not the principal residence of the surviving borrower;\n(4) The home is not the principal residence of at least one (1) of the borrowers for a period of twelve (12) consecutive months for reasons of physical or mental illness;\n(5) For reasons other than physical or mental illness, the home ceases, without prior written permission from the lender, to be the principal residence of the borrower for a period of ninety (90) consecutive days and is not the principal residence during such period of another borrower under the loan;\n(6) The borrower fails to pay property taxes, hazard insurance premiums, mortgage insurance premiums, service fees or assessments under § 47-30-106 ; or\n(7) The mortgage or deed of trust ceases to constitute a first lien on the property securing the reverse mortgage loan.","path":["TN Code","Title 47","Chapter 30"],"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":"a81b0355bebd7793c2b15fb0a8aae90176693d0255cb74188fef14470a98bc1b","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-30-111","next":"us-tn/tenn.-code-ann.-47-30-113"},"notice":"GroundRules: Original legal text. Not legal advice."}