2010 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 18 - Consumer Protection
Part 55 - Uniform Debt-Management Services Act [Effective July 1, 2010]
47-18-5530 - Advertising. [Effective July 1, 2010.]
47-18-5530. Advertising. [Effective July 1, 2010.]
(a) If the agreements of a provider contemplate that creditors will reduce finance charges or fees for late payment, default or delinquency and the provider advertises debt-management services, it shall disclose, in an easily comprehensible manner, that using a debt-management plan may make it harder for the individual to obtain credit.
(b) If the agreements of a provider contemplate that creditors will settle for less than the full principal amount of debt and the provider advertises debt-management services, it shall disclose, in an easily comprehensible manner, the information specified in § 47-18-5517(d)(3) and (4).
[Acts 2009, ch. 469, § 1.]
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