Tennessee Statutes
§ 45-7-117 — Maintenance of license
Tennessee·Title 45
(a)If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the commissioner may suspend or revoke the licensee's license in accordance with the procedures established by this chapter or other applicable state law for such suspension or revocation.
(b)An applicant for a money transmission license must demonstrate that it meets or will meet the requirements in §§ 45-7-135 , 45-7-136 , and 45-7-137 . A money transmission licensee must at all times meet the requirements in §§ 45-7-135 , 45-7-136 , and 45-7-137 .
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Legislative History
Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. Acts 1994, ch. 715, § 1; T.C.A., §45-7-217.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and duties