Tennessee Statutes
§ 45-7-127 — Unauthorized activities
Tennessee·Title 45
A person shall not engage in the business of money transmission on behalf of a person not licensed under this chapter or not exempt pursuant to § 45-7-104 . A person that engages in such activity provides money transmission to the same extent as if the person were a licensee, and is jointly and severally liable with the unlicensed or nonexempt person.
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Legislative History
Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. Acts 2013, ch. 103, § 2; T.C.A., §45-7-227.
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