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20 chapters · 794 sections in this title.
Tenn. Code Ann. § 45-17-101 Short title
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This chapter shall be known and may be cited as the “Deferred Presentment Services Act.”
Tenn. Code Ann. § 45-17-102 Chapter definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Check” means any payment instrument, including any customer authorization for electronic payment;(2) “Commissioner” means the commissioner of financial institutions or the commissioner's designated representa…
Tenn. Code Ann. § 45-17-103 License requirement
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(a) No person shall engage in the business of deferred presentment services in this state through the use of the internet, facsimile, telephone, or other means without having first obtained a license. A person shall be deemed to be engaged in the business of deferred presentment …
Tenn. Code Ann. § 45-17-104 Qualifications for license
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(a) To qualify for a license, an applicant shall satisfy the following requirements:(1) The applicant shall have a minimum net worth determined in accordance with generally accepted accounting principles of at least twenty-five thousand dollars ($25,000) available for the operati…
