Authorized Actions by Commissioner Upon Violation of Chapter or Rules

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Flexible Credit Act
  5. Authorized Actions by Commissioner Upon Violation of Chapter or Rules

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If, after notice and opportunity for a hearing, the commissioner finds that a person has violated this chapter, or any rule issued pursuant to this chapter, the commissioner may take the following actions or any combination of such actions:

  1. Order the person to cease and desist violating the chapter or any rule promulgated pursuant to this chapter;
  2. Require the refund of any fees collected by the person in violation of this chapter; or
  3. Order the person to pay to the commissioner a civil penalty of not more than one thousand dollars ($1,000) for each transaction in violation of this chapter or for each day that a violation occurs or continues.


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