Flexible Credit Act

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Flexible Credit Act

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Section
45-12-101

Short Title

Section
45-12-102

Chapter Definitions

Section
45-12-103

License Required to Engage in Business of Making Flex Loans — Designation of Agent for Service of Process by Nonresident Licensees

Section
45-12-104

Qualifications for Licensure — Continuing Nature

Section
45-12-105

Contents of Written Application for License

Section
45-12-106

Application Requirements

Section
45-12-107

Investigation of Applicants — Issuance of License — Posting of License — Term of License

Section
45-12-108

Denial of Application — Hearing

Section
45-12-109

Expiration of License — Renewal — Fees — Biennial License Arrangement — Criminal History Records Check

Section
45-12-110

License Nontransferable and Nonassignable — Change in Control of Licensee — Notification to Department of Change in Place of Business

Section
45-12-111

Interest, Fees, and Charges

Section
45-12-112

Licensee to Provide to Prospective Customers Written Explanation of Interest, Fees, and Charges — Requirements for Account-Opening Statement — Billing Statements

Section
45-12-113

Books, Accounts and Records — Limitations and Requirements Applicable to Operation of Business of Making Flex Loans

Section
45-12-114

Law Applicable to Business of Making Flex Loans — Licensees Legally Exercising Powers Under This Chapter Not in Violation of Statutory Provisions

Section
45-12-115

Promulgation of Rules — Investigation and Examination of Licensees — Payment of Expenses of Investigation or Examination — Exception

Section
45-12-116

Grounds for Suspension or Revocation of License — Revocation or Suspension of Multiple Licenses — Hearing

Section
45-12-117

Authorized Actions by Commissioner Upon Violation of Chapter or Rules

Section
45-12-118

Grounds to Suspend or Bar a Person From Any Position of Employment, Management or Control of a Licensee

Section
45-12-119

Consent Orders—emergency Actions by Commissioner

Section
45-12-120

Complaints Against Licensees to Be Filed With Commissioner — Investigative Powers — Enforcement

Section
45-12-121

Events Requiring Notification by Licensee to Commissioner

Section
45-12-122

Annual Report by Licensee — Confidentiality of Information

Section
45-12-123

Multi-State Automated Licensing System

Section
45-12-124

[reserved.]

Section
45-12-125

Disclosure and Sharing of Information and Material Provided to Multi-State Automated Licensing System

Section
45-12-126

Allocation of Certain Fees