# Tenn. Code Ann. § 45-13-102: Purpose

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-102

## Section

- **Citation:** Tenn. Code Ann. § 45-13-102
- **Heading:** Purpose
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 13 / Section 45-13-102

## Text

The origination or offering of financing for residential real property has a direct, valuable and immediate impact upon Tennessee's consumers, Tennessee's economy, the neighborhoods and communities of this state and the housing and real estate industry. The general assembly finds that accessibility to mortgage credit is vital to the state's citizens. It is the purpose of this chapter to ensure a sound system of making residential mortgage loans through the licensing, examination and regulation of mortgage lenders, mortgage loan brokers, mortgage loan servicers and mortgage loan originators. It is also the purpose of this chapter to carry out the purposes and to be compliant with the requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 ( 12 U.S.C. § 5101 et seq.). Acts 2009, ch. 499, § 8.
The origination or offering of financing for residential real property has a direct, valuable and immediate impact upon Tennessee's consumers, Tennessee's economy, the neighborhoods and communities of this state and the housing and real estate industry. The general assembly finds that accessibility to mortgage credit is vital to the state's citizens. It is the purpose of this chapter to ensure a sound system of making residential mortgage loans through the licensing, examination and regulation of mortgage lenders, mortgage loan brokers, mortgage loan servicers and mortgage loan originators. It is also the purpose of this chapter to carry out the purposes and to be compliant with the requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 ( 12 U.S.C. § 5101 et seq.).
Acts 2009, ch. 499, § 8.

## Nearby sections

- [Tenn. Code Ann. § 45-13-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-101.md)
- [Tenn. Code Ann. § 45-13-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-102.md)
- [Tenn. Code Ann. § 45-13-103 Administrative authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-103.md)
- [Tenn. Code Ann. § 45-13-104 Provisions remedial](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-104.md)
- [Tenn. Code Ann. § 45-13-105 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-105.md)
- [Tenn. Code Ann. § 45-13-106 Certificates of registration and registration certificates](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-106.md)
- [Tenn. Code Ann. § 45-13-107 Lost licenses - Substitutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-107.md)
- [Tenn. Code Ann. § 45-13-108 Filing of written report with commissioner - Events impacting activities of licensee](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-108.md)
- [Tenn. Code Ann. § 45-13-201 License required - Exceptions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-201.md)
- [Tenn. Code Ann. § 45-13-202 Application for license](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-202.md)
- [Tenn. Code Ann. § 45-13-203 Licensing - Posting - Renewal - Abatement of fees - Biennial license fees](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-203.md)
- [Tenn. Code Ann. § 45-13-204 Surety bond required](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-204.md)
- [Tenn. Code Ann. § 45-13-205 Change of address or officers - Annual report including past officers and directors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-205.md)
- [Tenn. Code Ann. § 45-13-206 Records and financial statements - Deposits - Disclosure](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-206.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C13_S45-13-102. Check the current official text before relying on it. Not legal advice.