RHS revised chapter 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 16: clarify the circumstanced under which a power of attorney may be utilized to close a loan; modify language with respect to the maximum hazard insurance deductible; and make technical corrections to the Loan Closing Stacking Order Checklist (Attachment 16-A). The updates went into effect July 7, 2017.
State Compliance Summary
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
April 1, 2025
