Acts Prohibited by Residential Contractor — Conflicts of Interest

  1. Law
  2. Tennessee Code
  3. Professions, Businesses and Trades
  4. Contractors and Contracting
  5. General Provisions
  6. Acts Prohibited by Residential Contractor — Conflicts of Interest

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  1. The following acts are prohibited by a residential contractor:
    1. Having a controlling ownership interest in the lender providing a mortgage loan for home improvement for the work being performed by the contractor; or
    2. Being a cosigner or acting as a guarantor for a mortgage loan for home improvement.
  2. As used in this section, “mortgage loan for home improvement” shall have the same meaning as defined in § 45-13-403(c).


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