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Tenn. Code Ann. § 45-13-108

Filing of written report with commissioner — Events impacting activities of licensee

Known as the Tennessee Residential Lending, Brokerage and Servicing Act

The act spans §§ 45–45 (40 sections).

Acts 2009, ch. 499, § 8.

Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:

(1) The filing for bankruptcy or reorganization by the licensee;

(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;

(3) The denial of the opportunity to engage in business by any state or governmental authority;

(4) Any felony indictment of the licensee or any of its officers, directors or principals;

(5) Any felony conviction of the licensee or any of its officers, directors or principals; and

(6) Other events that the commissioner may determine and identify by rule.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.