Title 47, Commercial Instruments And Transactions

(1) As used in this part, unless the context otherwise requires:(1) “Account holder” means a person who has an account or profile to use a social media company's platform, with such account or profile having been created on or after January 1, 2025;(2) “Content”:(A) Means text, i…

(a) (1) A social media company shall verify the age of an individual who attempts to become an account holder, at the time the individual attempts to become an account holder.(2) (A) If the individual is a minor, then the social media company must verify the express parental cons…

A social media company shall provide a minor account holder's parent with means for the parent to supervise the minor's account. Such means must include options for the parent to view privacy settings on the account, set daily time restrictions, and implement breaks during which …

(a) If the attorney general and reporter believes that a social media company is engaged in, has engaged in, or is about to engage in an act or practice prohibited by this part and that proceedings would be in the public interest, then the attorney general and reporter may:(1) Co…

(a) A waiver or limitation, or a purported waiver or limitation, of the following is void as unlawful and against public policy:(1) A protection or requirement provided under this part; and(2) The right to cooperate with the attorney general and reporter or another law enforcemen…

This part is known and may be cited as the “Debt Resolution Services Act.”

(1) As used in this part:(1) “Active consumer” means a consumer for which an agreement to resolve the consumer's debts has been accepted and who is actively making payments to resolve the debt;(2) “Affiliated with” means a dedicated account service provider that controls, is cont…

(a) A person shall not provide or offer to provide debt resolution services in this state unless the person first obtains a license from the commissioner. (b) A licensee shall obtain a license for the licensee's primary business address. (c) A license must not be transferred or a…

(a) The following persons are exempt from this part:(1) A person organized under § 501(c) or § 501(q) of the Internal Revenue Code (26 U.S.C. § 501);(2) Judicial officers, including an individual acting under the direction of a court;(3) Banks and the employees of banks;(4) Attor…

(a) (1) An application for a license or license renewal must:(A) Be in a form prescribed by the commissioner;(B) Contain information as the commissioner reasonably requires;(C) Be accompanied by a reasonable fee established by the commissioner; and(D) Be signed under oath.(2) A l…

(a) The commissioner may deny a license if:(1) The applicant does not satisfy the requirements of § 47-18-5805;(2) The application contains information that is materially erroneous or materially incomplete;(3) The applicant fails to provide in a timely manner such information as …

(a) The commissioner may suspend, revoke, or deny renewal of a license if:(1) A licensee has violated this part or any rule adopted pursuant to this part, or another law applicable to the conduct of the licensee's business;(2) A fact or condition exists that, if it had existed wh…

(a) The commissioner may promulgate rules to administer this part, including rules to establish reasonable fees to be paid by the applicants and licensees for the expenses of administering this part. The rules must be promulgated in accordance with the Uniform Administrative Proc…

(a) A licensee may request or require a consumer, as a condition to the provision of debt resolution services, to establish and place funds into a dedicated account administered by a dedicated account services provider; provided, that:(1) The funds are held in a federal deposit i…

(a) A consumer may terminate an agreement at any time without penalty by notifying the licensee electronically, in writing, or telephonically on a recorded line. (b) Within two (2) business days of receipt of a consumer's notice of termination, a licensee shall advise the consume…

If a consumer fails to fulfill the consumer's contractual obligations on or before the sixth day after the consumer was required to fulfill the obligations, then the licensee may terminate its agreement with the consumer in writing, including electronically. If the licensee termi…

(a) A licensee shall file with the commissioner an annual report, under oath, that includes the following information for the calendar year reporting period:(1) Total number of active consumers in this state;(2) Total number of enrolled consumers in this state; and(3) The total f…

(a) (a) A licensee shall not impose, directly or indirectly, a fee or other charge on a consumer, or receive payment from or on behalf of a consumer, for performing debt resolution services, except as provided in this section.(b) A licensee shall not request or receive payment of…

(a) A licensee, a person who markets debt resolution services on behalf of a licensee, or a person described in § 47-18-5804(b)(2) shall not:(1) Take or exercise a power of attorney that authorizes the licensee to resolve a debt. For purposes of this subdivision (a)(1), “resolve”…

(a) A licensee shall distribute, or arrange to be distributed, a statement of accounting to a consumer:(1) While a debt resolution services agreement is in effect:(A) At least once per month; and(B) On or before the fifth business day after a consumer requests a statement of acco…

(a) A licensee shall not, directly or through a person who markets debt resolution services on behalf of a licensee or a person described in § 47-18-5804(b)(2), advertise, announce, broadcast, display, distribute, print, publish, televise, or permit another person to advertise, a…

(a) At the time of providing to a consumer any materials or agreements required by this part, a licensee shall inform the consumer that upon electronic, telephonic, or written request, the licensee must send the consumer a copy of the materials and must comply with a request as p…

(a) If the commissioner finds that a person has violated a provision of this part, a rule adopted pursuant to this part, or any other law applicable to the conduct of a licensee, then the commissioner may order or impose a penalty upon the person, which must not exceed five thous…

(1) An action or proceeding brought by the commissioner under this part must be commenced within the later of the following:(1) Four (4) years after the conduct that underlies the complaint is discovered by the commissioner or the harmed consumer; or(2) The applicable statute of …

(a) Transactions for licensees whose licenses were issued pursuant to part 55 of this chapter that were entered into prior to January 1, 2026, and the rights, duties, and interests resulting from such transactions, may be completed, terminated, or enforced as required or permitte…

(1) As used in this part:(1) “Attorney general” means the attorney general and reporter;(2) “Gambling” has the same meaning as defined in § 39-17-501;(3) “Gambling device” means a gambling device or record as defined in § 39-17-501;(4) “Individual” means a natural person;(5) “Onl…

(a) Gambling; the operation or possession of gambling devices; and the operation, conducting, or commercial promoting of online sweepstakes games and other forms of online or app-based gambling are unlawful and are offenses against the public health, safety, and welfare of this s…

(a) A violation of this part constitutes a violation of the Tennessee Consumer Protection Act of 1977, compiled in part 1 of this chapter, is deemed an unfair or deceptive act or practice affecting trade or commerce, and is subject to the penalties and remedies as provided in the…

Information and documents received, created, or maintained by the attorney general as part of the administration and enforcement of this part are confidential and are not subject to disclosure pursuant to the Tennessee Public Records Act, compiled in title 10, chapter 7. Such con…

This part shall be known and may be cited as the “Tennessee Rental-Purchase Agreement Act.”

The general assembly finds that a significant number of consumers have sought to acquire ownership of personal property through rental-purchase agreements. Often, these rental-purchase agreements have been offered without adequate cost disclosures. It is the purpose of this part …

(1) As used in this part, unless the context otherwise requires:(1) “Advertisement” means a commercial message in any medium that aids, promotes, or assists directly or indirectly a rental-purchase agreement;(2) “Attorney general” means the attorney general and reporter, or the a…

(a) For each rental-purchase agreement, the lessor shall disclose the following items as applicable:(1) A brief description of the leased property, sufficient to identify the property to the consumer and lessor;(2) The number, amount, and timing of all lease payments necessary to…

(a) The lessor shall disclose to the consumer the information required by this part. In a transaction involving more than one (1) consumer, a lessor need disclose only to one (1) of the consumers who is primarily obligated. In a transaction involving more than one (1) lessor, onl…

(1) A rental-purchase agreement may not contain a provision:(1) Requiring a confession of judgment;(2) Requiring a garnishment of wages;(3) Granting authorization to the lessor or a person acting on the lessor's behalf to enter unlawfully upon the consumer's premises or to commit…

(a) Each rental-purchase agreement must:(1) Provide that the consumer may terminate the agreement without penalty by voluntarily surrendering or returning the merchandise upon expiration of any lease term; and(2) Contain a provision for reinstatement which, at a minimum:(A) Permi…

A lessor shall provide the consumer with a written receipt for each payment made by cash or money order.

(a) A renegotiation occurs when an existing rental-purchase agreement is satisfied and replaced by a new lease agreement undertaken by the same consumer. A renegotiation is a new agreement requiring new disclosures. However, events such as the following shall not be treated as re…

(a) If an advertisement for a rental-purchase agreement refers to or states the amount of any payment or the right to acquire ownership for any specific item, the advertisement also must state clearly and conspicuously the following items, as applicable:(1) That the transaction a…

(a) (1) A lessor who fails to comply with a requirement imposed in § 47-18-604 or §§ 47-18-606 — 47-18-608 with respect to a consumer is liable to the consumer in an amount equal to the greater of:(A) The actual damages sustained by the customer as a result of the violation; or(B…

An action under this part may be brought in any court of competent jurisdiction within one (1) year of the date of the occurrence of any violation or within six (6) months of the time the rental-purchase agreement, together with any renewals or extensions thereof, ceases to be in…

(a) A lessor is not liable under § 47-18-612 for a violation of this part if the lessor shows by a preponderance of the evidence that the violation was not intentional and resulted from a bona fide error, even though the lessor maintained procedures reasonably adapted to avoid su…

A willful and intentional violation of this part is a Class C misdemeanor.

This part shall be known and may be cited as the “Tennessee Home Solicitation Sales Act of 1974.”

(1) As used in this part, unless the context otherwise requires:(1) “Business day” means any calendar day except Sunday, or the following business holidays: New Year's Day, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans' Day, Thanksgiving…

(1) Notwithstanding any other law to the contrary:(1) Except as provided in subdivision (5), in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until twelve o'clock midnight (12:00) of the third business day after the…