state_legiscan_drain · TN
AN ACT to amend Tennessee Code Annotated, 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, relative to reverse mortgages.
February 2, 2026
Summary
This bill, enacted as the Tennessee Reverse Mortgage Innovation Act, updates statutory provisions governing reverse mortgages, including consumer protections, licensing requirements, and taxation. It aims to modernize the regulatory framework for reverse mortgage products offered by lenders and servicers in Tennessee. The bill affects financial institutions, brokers, and consumers by revising disclosure and advertising rules.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2190&ga=114
Common questions
- What does "AN ACT to amend Tennessee Code Annotated, 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, relative to reverse mortgages." cover?
- This bill, enacted as the Tennessee Reverse Mortgage Innovation Act, updates statutory provisions governing reverse mortgages, including consumer…
- When was it published?
- It was published on February 2, 2026.
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