2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act
Part 2 - Licensing of Mortgage Lenders, Mortgage Loan Brokers and Mortgage Loan Servicers
45-13-208 - Minimum information Annual report.

45-13-208. Minimum information Annual report.

(a)  The commissioner may prescribe by rules and regulations the minimum information to be shown in the books, accounts and records of each licensee, so that the books, accounts and records will enable the commissioner to determine compliance with this chapter and with the rules and regulations lawfully made under this chapter.

(b)  Each licensee, on a date to be determined by the commissioner, shall file an annual report with the commissioner giving information that the commissioner may reasonably require concerning the business and operations during the preceding calendar year of the licensee under authority of this chapter. The annual report shall be on a form prescribed by the commissioner by regulation. The report shall be subscribed and affirmed as true by the licensee under the penalties of perjury. In addition to annual reports, the commissioner may require additional regular or special reports as deemed necessary for the proper supervision of licensees under this chapter. The additional reports shall be in the form prescribed by the commissioner and shall be subscribed and affirmed as true under the penalties of perjury.

(c)  The annual report and statements required pursuant to this section shall include the names of all directors, officers, general partners and stockholders owning or controlling twenty-five percent (25%) or more of the outstanding capital stock of the licensee, any limited partner owning more than twenty-five percent (25%) of the partnership interest of the licensee, any changes among officers, directors or general partners within the preceding year and any change in principal place of business of the licensee.

[Acts 2009, ch. 499, § 8.]  

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