Recordation Tax State Update in Tennessee

/in /by

The Annotated Code in TN has been amended and you should check with you Doc Prep Company and Compliance to confirm if these can be adjusted.

Example of verbiage on Deed of Trust

This is a Home Equity Conversion Mortgage Loan pursuant to Tennessee Code Annotated, Title 47, Chapter 30

Maximum principal indebtedness for Tennessee recording purposes is $ -0-

This mortgage is tax exempt under Tenn Code 67-4-409-(b)(1) is now shown under 67-4-409-(B)(2).