The business of deferred presentment services conducted in accordance with this chapter shall not be subject to or controlled by any other statute governing the imposition of interest, fees or loan charges, including but not limited to, § 47-14-104. A licensee shall not have the powers enumerated in this chapter without first complying with the law regulating the particular transaction involved, but licensees legally exercising any of the powers set forth in this chapter shall not be deemed in violation of §§ 47-9-610, 47-14-112, 47-14-115 and 47-14-117.
Tenn. Code Ann. § 45-17-118
Construction with other statutes
Known as the Deferred Presentment Services Act
The act spans §§ 45-17-101 to 45-17-122 (22 sections).
Acts 1997, ch. 255, § 19; 1999, ch. 14, § 1; 2000, ch. 846, § 29.
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.