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2024 Tennessee Code
Title 45 - BANKS AND FINANCIAL INSTITUTIONS (§§ 45-1-101 — 45-20-111)
Chapter 12 - FLEXIBLE CREDIT ACT (§§ 45-12-101 — 45-12-126)
- Section 45-12-101 - Short title
- Section 45-12-102 - Chapter definitions
- Section 45-12-103 - License required to engage in business of making flex loans - Designation of agent for service of process by nonresident licensees
- Section 45-12-104 - Qualifications for licensure - Continuing nature
- Section 45-12-105 - Contents of written application for license
- Section 45-12-106 - Application requirements
- Section 45-12-107 - Investigation of applicants - Issuance of license - Posting of license - Term of license
- Section 45-12-108 - Denial of application - Hearing
- Section 45-12-109 - Expiration of license - Renewal - Fees - Biennial license arrangement - Criminal history records check
- Section 45-12-110 - License nontransferable and nonassignable - Change in control of licensee - Notification to department of change in place of business
- Section 45-12-111 - Interest, fees, and charges
- Section 45-12-112 - Licensee to provide to prospective customers written explanation of interest, fees, and charges - Requirements for account-opening statement - Billing statements
- Section 45-12-113 - Books, accounts and records - Limitations and requirements applicable to operation of business of making flex loans
- Section 45-12-114 - Law applicable to business of making flex loans - Licensees legally exercising powers under this chapter not in violation of statutory provisions
- Section 45-12-115 - Promulgation of rules - Investigation and examination of licensees - Payment of expenses of investigation or examination - Exception
- Section 45-12-116 - Grounds for suspension or revocation of license - Revocation or suspension of multiple licenses - Hearing
- Section 45-12-117 - Authorized actions by commissioner upon violation of chapter or rules
- Section 45-12-118 - Grounds to suspend or bar a person from any position of employment, management or control of a licensee
- Section 45-12-119 - Consent orders-Emergency actions by commissioner
- Section 45-12-120 - Complaints against licensees to be filed with commissioner - Investigative powers - Enforcement
- Section 45-12-121 - Events requiring notification by licensee to commissioner
- Section 45-12-122 - Annual report by licensee - Confidentiality of information
- Section 45-12-123 - Multi-state automated licensing system
- Section 45-12-124 - Reserved
- Section 45-12-125 - Disclosure and sharing of information and material provided to multi-state automated licensing system
- Section 45-12-126 - Allocation of certain fees
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