™Your Policy Risk Impact Agent
20 chapters · 794 sections in this title.
Tenn. Code Ann. § 45-7-132 Notice
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(a) A licensee or authorized delegate shall conspicuously disclose on the licensee's website or mobile application, and conspicuously post on the premises of each physical location in this state where the licensee or authorized delegate conducts money transmission, the name and p…
Tenn. Code Ann. § 45-7-133 Disclosures for payroll processing services
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(a) A licensee that provides payroll processing services shall:(1) Issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and(2) Make available worker paystubs or an equivalent statement to workers. (1) Issue …
Tenn. Code Ann. § 45-7-134 Licensee liability
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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 is limited to the face amount of the payment instrument or money transmission transaction purchased.
Tenn. Code Ann. § 45-7-135 Net worth
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(a) A licensee under this chapter shall at all times maintain a tangible net worth of:(1) The greater of one hundred thousand dollars ($100,000) or three percent (3%) of total assets for the first one hundred million dollars ($100,000,000);(2) Two percent (2%) of additional asset…
