Tennessee § 45-7-120 Report of condition

Tennessee Statutes

§ 45-7-120 — Report of condition

Tennessee § 45-7-120

Title45

This text of Tennessee § 45-7-120 (Report of condition) 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. § 45-7-120 (2026).

Text

(a)Each licensee shall submit a report of condition within forty-five (45) days after the end of the calendar quarter, or within any extended time as the commissioner may prescribe.

(b)The report of condition must include:

(1)Financial information at the licensee level;

(2)Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission;

(3)Permissible investments reports;

(4)Transaction destination country reporting for money received for transmission; and (5) Any other information the commissioner requires with respect to the licensee. The commissioner is authorized to change or update, as necessary, the requirements of this section to carry out the purposes of this cha

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(a) Each licensee shall submit a report of condition within forty-five (45) days after the end of the calendar quarter, or within any extended time as the commissioner may prescribe. (b) The report of condition must include: (1) Financial information at the licensee level; (2) Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission; (3) Permissible investments reports; (4) Transaction destination country reporting for money received for transmission; and (5) Any other information the commissioner requires with respect to the licensee. The commissioner is authorized to change or update, as necessary, the requirements of this section to carry out the purposes of this chapter and maintain consistency with NMLS reporting. (c) The information required by subdivision (b)(4) must only be included in a report of condition submitted within forty-five (45) days after the end of the fourth calendar quarter.