HB4134 - Tennessee - Mortgages

Companion Bill SB2994. Mortgages - Increases home loans subject to Home Loan Protection Act and includes yield spread premiums in definition of points and fees. - Amends TCA Title 45, Chapter 13 and Title 45, Chapter 20. Fiscal Summary for HB4134 / *SB2994Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for HB4134 / *SB2994 The Tennessee Home Loan Protection Act regulates the making of high-cost loans. This bill revises various provisions of that Act, as follows: (1) Under present law, "home loan" means a loan in which the principal amount of the loan does not exceed the lesser of the conforming loan size limit for a single-family dwelling as established by the federal national mortgage association [...]

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