There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 45 - Banks And Financial Institutions
Chapter 7 - Money Transmission
Part 2 - Money Transmitters
45-7-221 - Licensee liability.
45-7-221. Licensee liability.
A licensee's responsibility to any person who purchases a payment instrument or money transmission transaction from a licensee or a licensee's authorized agent shall be limited to the face amount of the payment instrument or money transmission transaction purchased.
[Acts 1994, ch. 715, § 1.]
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