Filing of Written Report With Commissioner — Events Impacting Activities of Licensee

  1. Law
  2. Tennessee Code
  3. Banks and Financial Institutions
  4. Check Cashing Act
  5. Filing of Written Report With Commissioner — Events Impacting Activities of Licensee

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Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (1)-(6), a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in the state:

  1. The filing for bankruptcy or reorganization by the licensee;
  2. The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;
  3. The denial of the opportunity to engage in the check cashing business by any state or governmental authority;
  4. Any felony indictment of the licensee or any of its officers, directors or principals;
  5. Any felony conviction of the licensee or any of its officers, directors, or principals; and
  6. Other events that the commissioner may determine and identify by rule.


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