Flexible Credit Act

Sections covered

• Tenn. Code Ann. § 45-12-101Short title
• Tenn. Code Ann. § 45-12-102Chapter definitions
• Tenn. Code Ann. § 45-12-103License required to engage in business of making flex loans — Designation of agent for service of process by nonresident licensees
• Tenn. Code Ann. § 45-12-104Qualifications for licensure — Continuing nature
• Tenn. Code Ann. § 45-12-105Contents of written application for license
• Tenn. Code Ann. § 45-12-106Application requirements
• Tenn. Code Ann. § 45-12-107Investigation of applicants — Issuance of license — Posting of license — Term of license
• Tenn. Code Ann. § 45-12-108Denial of application — Hearing
• Tenn. Code Ann. § 45-12-109Expiration of license — Renewal — Fees — Biennial license arrangement — Criminal history records check
• Tenn. Code Ann. § 45-12-110License nontransferable and nonassignable — Change in control of licensee — Notification to department of change in place of business
• Tenn. Code Ann. § 45-12-111Interest, fees, and charges
• Tenn. Code Ann. § 45-12-112Licensee to provide to prospective customers written explanation of interest, fees, and charges — Requirements for account-opening statement — Billing statements
• Tenn. Code Ann. § 45-12-113Books, accounts and records — Limitations and requirements applicable to operation of business of making flex loans
• Tenn. Code Ann. § 45-12-114Law applicable to business of making flex loans — Licensees legally exercising powers under this chapter not in violation of statutory provisions
• Tenn. Code Ann. § 45-12-115Promulgation of rules — Investigation and examination of licensees — Payment of expenses of investigation or examination — Exception
• Tenn. Code Ann. § 45-12-116Grounds for suspension or revocation of license — Revocation or suspension of multiple licenses — Hearing
• Tenn. Code Ann. § 45-12-117Authorized actions by commissioner upon violation of chapter or rules
• Tenn. Code Ann. § 45-12-118Grounds to suspend or bar a person from any position of employment, management or control of a licensee
• Tenn. Code Ann. § 45-12-119Consent orders—Emergency actions by commissioner
• Tenn. Code Ann. § 45-12-120Complaints against licensees to be filed with commissioner — Investigative powers — Enforcement
• Tenn. Code Ann. § 45-12-121Events requiring notification by licensee to commissioner
• Tenn. Code Ann. § 45-12-122Annual report by licensee — Confidentiality of information
• Tenn. Code Ann. § 45-12-123Multi-state automated licensing system
• Tenn. Code Ann. § 45-12-124[Reserved.]
• Tenn. Code Ann. § 45-12-125Disclosure and sharing of information and material provided to multi-state automated licensing system
• Tenn. Code Ann. § 45-12-126Allocation of certain fees