Standards of Professional Practice
The TNAMB serves dedicated professionals in the mortgage industry. The
Association provides training and educational programs and promotes
cooperation among its members. TNAMB supports responsible legislative
action and protects the consumers of the State of Tennessee through
responsible mortgage business practice.
1. The mortgage professional shall act in accordance with all state and federal regulations.
2. The Mortgage Professional shall conduct business affairs with honor and integrity.
3. The Mortgage Professional shall not offer or advertise terms or conditions that are not
available.
4. The Mortgage Professional shall abide by Federal Regulations
promulgated by the Federal
Trade Commission with regard to advertising.
5. The Mortgage Professional shall abide by all agreements, written or oral made to the public.
6. The Mortgage Professional shall not speak disparagingly of the business practices of a
competitor.
7. The Mortgage Professional shall maintain separate accounts for the deposit of trust or
escrow funds.
8. The Mortgage Professional shall keep complete and accurate records of all mortgage
transactions.
9. The Mortgage Professional shall make representations in other areas
of expertise only
when duly licensed or accredited in that field.
10. The Mortgage Professional shall become knowledgeable as to new and
innovative mortgage
financing alternatives by attending educational
seminars.
11. The Mortgage Professional shall not profess an opinion of title or
warrant the legal ownership
of property unless duly licensed or
authorized to give this opinion or warrant.
12. The Mortgage Professional shall keep all information acquired
confidential unless release is
authorized by the individuals in
question.
13. The Mortgage Professional shall not create, distribute or dispense
any information that is
known to be false, fraudulent, or illegal.
14. The Mortgage Professional shall comply with the Bylaws and Code of ethics of TNAMB.
15. The Mortgage Professional shall promote and support the actions and positions of TNAMB.
