Tennessee § 45-12-121 Events requiring notification by licensee to commissioner

Tennessee Statutes

§ 45-12-121 — Events requiring notification by licensee to commissioner

Tennessee § 45-12-121

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This text of Tennessee § 45-12-121 (Events requiring notification by licensee to commissioner) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 45-12-121 (2026).

Text

Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (1)-

(6), 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 the business of making loans by any state or governmental authority;

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

(5)Any felony conviction of the licensee or any of its directors, officers or principals; and (6) Other events that the commissioner may determine

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Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (1)-(6), 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 the business of making loans by any state or governmental authority; (4) Any felony indictment of the licensee or any of its directors, officers or principals; (5) Any felony conviction of the licensee or any of its directors, officers or principals; and (6) Other events that the commissioner may determine and identify by rule.