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 shall be limited to the face amount of the payment instrument or money transmission transaction purchased.
Tenn. Code Ann. § 45-7-121
Licensee liability
Known as the Tennessee Money Transmitter Act
The act spans §§ 45–45 (30 sections).
Acts 1994, ch. 715, § 1; T.C.A., § 45-7-221.
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.