Rules & Regulations of the State of Tennessee Title 0775 - Housing Rehabilitation Corporation
Here’s a refined summary of Tennessee Rules & Regulations, Title 0775 – Housing Rehabilitation Corporation (THRC), as currently in effect (through March 2025) (regulations.justia.com):
🏢 Chapter 0775‑01: Rules & Regulations
1. Purpose (§ 0775‑01‑.01)
Enable THRC to insure mortgage loans, expanding housing options and strengthening community stability. It supplements federal and private programs via flexible, efficient mortgage insurance mechanisms (regulations.justia.com).
2. Definitions (§ .02)
Key terms (e.g., “Corporation,” “mortgage insurance,” “premises”) are clearly delineated for regulatory clarity .
3. Rules of Practice (§ .03–.05)
Covers procedural matters including waivers, approved forms, handling misrepresentation or noncompliance, amendment processes, and separability clauses (law.cornell.edu).
4. Eligibility (§ .09)
Sets borrower and property qualifications required to participate in THRC’s insurance programs, such as income limits, property standards, etc. (regulations.justia.com).
5. Temporary Vacancy (§ .10)
Details rules on allowable temporary absence from insured premises during rehab processes (tn.gov).
6. Non‑discrimination (§ .11)
Prohibits discrimination based on race, religion, sex, age, disability, etc., in all THRC‑insured programs (law.cornell.edu).
7. Mortgage Insurance Programs (§ .12)
Outlines types of mortgage insurance offered, terms, risk coverage, and operational guidelines .
8. Defaults & Claims (§ .13)
Establishes procedures when borrowers default, including claim filing, handling, reimbursement, and foreclosure protocols .
📌 Additional Notes
Administrative Dates: Chapter 0775‑01 first adopted October 10, 1975; effective November 10, 1975, with amendments in April 1976 (law.cornell.edu).
Updates: Regulations are updated quarterly. The most recent consolidated version is current through March 23, 2025 (regulations.justia.com).
Primary Authority: Rules rely on enabling statutes like T.C.A. § 13‑2204 and federal-backed housing legislation.
📋 What You Can Do Next
Access full text of each rule via the Tennessee Secretary of State or justia’s Title 0775 resource to examine details.
If needed, consult the Tennessee Housing Development Agency (THDA) for forms, official guidance, and contact information.
Review specific rules for deeper insights—such as the formal definitions in § .02, procedures in §§ .03–.05, or the mortgage insurance framework in §§ .12–.13.
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