Statutes > Tennessee Statutes > Title 45 - Banks And Financial Institutions > Chapter 2 - Banking Institutions > Part 19 - Credit Card State Banks > 45-2-1908 - Security for cardholders' obligations.

45-2-1908 - Security for cardholders' obligations.

45-2-1908. Security for cardholders' obligations.

A bank may take security of any type, including, but not limited to, a mortgage or deed of trust on residential property or a deposit account or certificate of deposit, for a cardholder's obligations under a credit card account.

[Acts 1993, ch. 447, § 11.]