{"data":{"id":"us-tn/tenn.-code-ann.-47-32-104","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-32-104","heading":"Disbursement of loan funds to settlement agent","body":"(a) A mortgage lender, mortgage loan broker, mortgage loan servicer, or other person shall, at or before loan closing, cause disbursement of loan funds, in one (1) of the forms identified in § 47-32-102(3) , to the settlement agent.\n(b) In any transaction in which the borrower may exercise a right of rescission under the federal Truth-in-Lending Act, compiled in 15 U.S.C. § 1601 et seq., and applicable federal regulations and interpretations, a mortgage lender, mortgage loan broker, mortgage loan servicer, or other person, shall cause disbursement of loan funds to the settlement agent not later than the first business day after the expiration of the rescission period.","path":["TN Code","Title 47","Chapter 32"],"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":"8044a48655755d367dc9f3c473498ef29076b2309308a16d1bda513c9559bba6","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-32-103","next":"us-tn/tenn.-code-ann.-47-32-105"},"notice":"GroundRules: Original legal text. Not legal advice."}