2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act
Part 1 - General Provisions
45-13-108 - Filing of written report with commissioner Events impacting activities of licensee.
45-13-108. Filing of written report with commissioner Events impacting activities of licensee.
Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:
(1) The filing for bankruptcy or reorganization by the licensee;
(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;
(3) The denial of the opportunity to engage in business by any state or governmental authority;
(4) Any felony indictment of the licensee or any of its officers, directors or principals;
(5) Any felony conviction of the licensee or any of its officers, directors or principals; and
(6) Other events that the commissioner may determine and identify by rule.
[Acts 2009, ch. 499, § 8.]
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