§ 47-18-135 — Section definitions - Financing company display of telephone number - Violations

Tennessee § 47-18-135

• Jurisdiction: Tennessee
• Title: 47

Text

(a) As used in this section: (1) "Financing company": (A) Means an entity that provides loans, loan extensions, or lines of credit to finance the purchase of a good or service; and (B) Does not include a financial institution subject to 12 C.F.R. Part 1005 ; and (2) "Statement" means a document that shows all of the activity on the account associated with the statement over a specific period of time. (b) A financing company doing business in this state shall provide on its mailed or emailed statements to a consumer a conspicuously displayed telephone number that a consumer may contact for service. (c) A violation of this section constitutes a violation of the Tennessee Consumer Protection Act of 1977, compiled in this part. A violation of this section constitutes an unfair or deceptive act or practice affecting trade or commerce and is subject to the penalties and remedies as provided in this part.

Legislative History

Added by 2023 Tenn. Acts, ch. 215, s 1, eff. 7/1/2023.