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Can you summarize TNCO 45-2-1908?

Credit Card State Banks > Security for cardholders' obligations.

Short Summary

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.

Jurisdiction

Tennessee

Source
TNCO 45-2-1908 [https://reggi.cloud.regology.com/regulations/US-TNCO/US-TNCO_T_45_C_2_P_19_S_1908]