Tenn. Comp. R. & Regs. 0780-01-07-.04

Current through December 10, 2024
Section 0780-01-07-.04 - BORROWER'S AGENTS LIST

The borrower shall have the right to submit to the lender a list containing a reasonable choice of agents and/or insures selected by the borrower, who will write the insurance in connection with the loan. The number of agencies comprising a "reasonable choice" shall be construed to be a minimum of three (3) agents and/or insurers. The lender has the right to refuse insurance policies written by agents not located within the trade area normally served by the lender.

Tenn. Comp. R. & Regs. 0780-01-07-.04

Original rule certified June 10, 1974.

Authority: T.C.A. § 56-2-301.