Section 62-6-133 - Acts prohibited by residential contractor - Conflicts of interest(a) 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.(b) As used in this section, "mortgage loan for home improvement" shall have the same meaning as defined in § 45-13-403(c). Acts 2003 , ch. 368, § 3.