License required
Known as the Tennessee Money Transmitter Act
The act spans §§ 45–45 (30 sections).
Acts 1994, ch. 715, § 1; T.C.A., § 45-7-202.
(1) No person except those exempt pursuant to § 45-7-104, shall engage in the business of money transmission without a license or other compliance as provided in this chapter.
(2) A licensee may conduct its business in Tennessee at one (1) or more locations, directly or indirectly owned, or through one (1) or more authorized agents, or both, pursuant to the single license granted to the licensee.
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.