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2018 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 1 - Department of Financial Institutions
Part 3 - Bank Customer Dispute Resolution Act of 1981.
§ 45-1-305. Award is binding -- Review on appeal -- Compliance orders.
Universal Citation:
TN Code § 45-1-305 (2018)
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(a) An award of the commissioner issued pursuant to this part shall be binding upon the parties, but either party may seek to vacate the award in any court with jurisdiction over the original subject matter, by commencing the appropriate original action against the other party within thirty (30) days of receiving a copy of the award.
(b) Review by the court shall be de novo.
(c) If the party against whom an award is rendered does not initiate an appeal as provided in subsection (a) and does not comply with the award, the commissioner shall consider the lack of compliance as a violation of this section and may order the party to comply as provided by § 45-1-107.
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