reglab/housing_qa huggingface dataset:
TN Code § 45-7-114 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-114. Examinations

  The commissioner may conduct periodic on-site examinations of a licensee. The commissioner may also examine a licensee's authorized or apparent agents. At the commissioner's discretion, written notice of the examination may be provided to the licensee or agents. In conducting the examination, the commissioner or the commissioner's staff has full and free access to all the books, papers and records of the licensee and its agents and may summon and qualify as witnesses, under oath, and examine the directors, officers, members, agents and employees of any licensee or agent, and any other person concerning the condition and affairs of the licensee. The licensee shall pay all reasonably incurred costs of the examination. The on-site examination may be conducted in conjunction with examinations to be performed by representatives of agencies of another state or states. The commissioner, in lieu of an on-site examination, may accept the examination report of an agency of another state, or a report prepared by an independent accounting firm, and reports so accepted are considered for all purposes as an official report of the commissioner.   Upon reasonable cause, the commissioner may conduct an on-site examination of any unlicensed person to determine whether violations of this chapter have occurred or are occurring. In conducting the examination, the commissioner has the applicable powers provided pursuant to [former] § 45-1-207.
TN Code § 45-7-115 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-115. Maintenance of Records

  Each licensee shall make, keep and preserve the following books, accounts and other records for a period of three (3) years:  A daily record or records of payment instruments sold;   A general ledger containing all assets, liabilities, capital, income and expense accounts, which general ledger shall be posted at least monthly;   Settlement sheets received from authorized agents;   Bank statements and bank reconciliation records;   Records of outstanding payment instruments;   Records of each payment instrument paid within the three-year period; and   A list of the names and addresses of all of the licensee's authorized agents, as well as copies of each authorized agent contract.     Maintenance of the documents as is required by this section in a photographic or other similar form shall constitute compliance with this section.   Records may be maintained at a location other than within this state as long as they are made accessible to the commissioner.   Nothing in this section shall prohibit a licensee from adhering to state or federal record retention requirements for a period greater than three (3) years.
TN Code § 45-7-116 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-116. Confidentiality of Data Submitted to the Commissioner

  Notwithstanding any other provision of law, all information or reports obtained by the department of financial institutions from an applicant, licensee or authorized agent, whether obtained through reports, applications, examination, audits, investigation, or otherwise, including, but not limited to:  All information contained in or related to examination, investigation, operating, or condition reports prepared by, on behalf of, or for the use of the department; or   Financial statements, balance sheets, or authorized agent information;  are confidential and may not be disclosed or distributed outside the department by the commissioner or any officer or employee of the department, except that the commissioner is authorized to disclose confidential information to any local, state or federal agency in a manner the commissioner deems proper and to the Conference of State Bank Supervisors and the Money Transmitter Regulators Association; provided, that these associations have entered into confidentiality agreements with the commissioner. A licensed money transmitter is entitled to access to a copy of the report of examination on the money transmitter prepared by the commissioner or the commissioner's designee. The report of examination in the possession of a licensee shall remain confidential and shall not be subject to subpoena.      Nothing in this section shall prohibit the commissioner from releasing to the public a list of persons licensed under this chapter or from releasing aggregated financial data on the licensees.
TN Code § 45-7-117 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-117. Suspension or Revocation of Licenses

 After notice and an opportunity for a hearing, the commissioner may suspend or revoke a licensee's license if the commissioner finds that:   Any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds for denying the application;   The licensee's net worth becomes inadequate and the licensee, after ten (10) days' written notice from the commissioner, fails to take steps the commissioner deems necessary to remedy the deficiency;   The licensee knowingly violates any provision of this chapter or any rule or order validly promulgated or issued by the commissioner under authority of this title;   An agent or agents of a licensee knowingly violates any provision of this chapter or any rule or order validly promulgated or issued by the commissioner under authority of this title, without the licensee making reasonable efforts to correct the violations known to the licensee to exist;   The licensee is conducting business in an unsafe or unsound manner;   The licensee is insolvent;   The licensee has demonstrated a pattern of failure or refusal to promptly pay obligations on payment instruments or transmissions of money or has made an assignment for the benefit of its creditors;   The licensee has applied for an adjudication of bankruptcy, reorganization, arrangement, or other relief under any bankruptcy;   The licensee refuses to permit the commissioner to make any examination authorized by this chapter;   The licensee willfully fails to make any report or pay any fee required by this chapter;   The licensee has been found guilty of any fraudulent act or practice; or   The licensee has made any material false representation to the commissioner in any application or report filed with the commissioner.
TN Code § 45-7-118 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-118. Authorized Agent Contracts

 Licensees desiring to conduct licensed activities through authorized agents shall authorize each agent to operate pursuant to an express written contract, which shall, at a minimum, provide the following:   That the licensee appoints the person as its agent with authority to sell payment instruments or transmit money on behalf of the licensee in compliance with state and federal law;   That neither a licensee nor an authorized agent may authorize sub-agents without the written consent of the commissioner;   That licensees are subject to supervision and regulation by the commissioner;   An acknowledgment that the authorized agent consents to the commissioner's inspection, with or without prior notice to the licensee or authorized agent or agents, of the books and records of authorized agent or agents of the licensee; and   That an authorized agent is under a duty to act only as authorized under the contract with the licensee and that an authorized agent who exceeds its authority is subject to cancellation of its contract by the licensee and disciplinary action by the commissioner.
TN Code § 45-7-119 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-119. Authorized Agent Conduct

  An authorized agent shall not make any fraudulent or false statement or misrepresentation to a licensee or to the commissioner.   All money transmission or sale or issuance of payment instrument activities conducted by authorized agents shall be strictly in accordance with the licensee's written procedures provided to the authorized agent.   An authorized agent shall remit all money owing to the licensee in accordance with the terms of the contract between the licensee and the authorized agent. The failure of an authorized agent to remit all money owing to a licensee within the contractual time period shall result in liability of the authorized agent to the licensee for three (3) times the licensee's actual damages. The commissioner shall have the discretion to set, by regulation, the maximum remittance time.   All funds, less fees, received by an authorized agent of a licensee from the sale or delivery of a payment instrument issued by a licensee or received by an authorized agent for transmission shall, from the time the funds are received by the authorized agent until the time when the funds or an equivalent amount are remitted by the authorized agent to the licensee, constitute trust funds owned by and belonging to the licensee. If an authorized agent commingles the funds with any other funds or property owned or controlled by the authorized agent, all commingled proceeds and other property shall be impressed with a trust in favor of the licensee in an amount equal to the amount of the proceeds due the licensee.
TN Code § 45-7-120 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-120. Termination or Suspension of Authorized Agent Activity

   The commissioner may issue an order suspending or barring the authorized agent from continuing to be or becoming an authorized agent of any licensee during the period for which the order is in effect, if, after notice and an opportunity for a hearing, the commissioner finds that any authorized agent of a licensee or any director, officer, employee, or controlling person of the authorized agent has:  Violated any provision of this chapter or any rule or regulation or order issued under this chapter;   Engaged or participated in any unsafe or unsound act with respect to the business of selling or issuing payment instruments of the licensee or the business of money transmission; or   Made or caused to be made in any application or report filed with the commissioner or any proceeding before the commissioner, any statement that was at the time and in the circumstances under which it was made, false or misleading with respect to any material fact, or has omitted to state in the application or report any material fact that is required to be stated in the application or report.     Upon issuance of the order, the licensee shall terminate its relationship with the authorized agent according to the terms of the order.     Any authorized agent to whom an order is issued under this section may apply to the commissioner to modify or rescind the order. The commissioner shall not grant the application unless the commissioner finds that it is in the public interest to do so and that it is reasonable to believe that the person will, if and when the person is permitted to resume being an authorized agent of a licensee, comply with all applicable provisions of this chapter and any regulation or order issued under this title.
TN Code § 45-7-121 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-121. Licensee Liability

 A licensee's responsibility to any person who purchases a payment instrument or money transmission transaction from a licensee or a licensee's authorized agent shall be limited to the face amount of the payment instrument or money transmission transaction purchased.
TN Code § 45-7-122 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-122. Hearings — Procedures

 The Uniform Administrative Procedures Act, compiled in title 4, chapter 5, applies to any hearing afforded pursuant to this chapter.
TN Code § 45-7-123 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-123. Civil Penalties

 If, after notice and an opportunity for a hearing, the commissioner finds that a person has violated this chapter or a rule adopted under this chapter, the commissioner may order the person to pay to the commissioner a civil penalty in an amount specified by the commissioner, not to exceed one thousand dollars ($1,000) for each violation or, in the case of a continuing violation, one thousand dollars ($1,000) for each day that the violation continues.
TN Code § 45-7-124 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-124. Consent Orders — Emergency Orders

  The commissioner may enter into consent orders at any time with any person to resolve any matter arising under this chapter. A consent order must be signed by the person to whom it is issued or a duly authorized representative, and must indicate agreement to the terms contained therein. A consent order need not constitute an admission by any person that any provision of this chapter, or any rule, regulation or order promulgated or issued thereunder has been violated, nor need it constitute a finding by the commissioner that the person has violated any provision of this chapter or any rule, regulation or order promulgated or issued thereunder.   Notwithstanding the issuance of a consent order, the commissioner may seek civil or criminal penalties or compromise civil penalties concerning matters encompassed by the consent order.   In cases involving extraordinary circumstances requiring immediate action, the commissioner may take any enforcement action authorized by this chapter without providing the opportunity for a prior hearing, but shall promptly afford a subsequent hearing upon an application to rescind the action taken, which is filed with the commissioner within twenty (20) days of the receipt of the notice of the commissioner's emergency action.
TN Code § 45-7-125 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-125. Criminal Penalties — Reports

  Any person who knowingly and willfully violates any provision of this chapter or any order or rule pursuant thereto for which a penalty is not specifically provided commits a Class C misdemeanor; provided, that each day the violation occurs constitutes a separate offense.   Any person who knowingly and willfully makes a material, false statement in any document filed or required to be filed under this chapter with the intent to deceive the recipient of the document commits a Class E felony.   Any person who knowingly and willfully fails to file a document required to be filed under this chapter commits a Class E felony.   Any person who carries on an unauthorized money transmitter business commits a Class E felony.   Any person who obstructs or endeavors to obstruct a lawful examination of a licensee or agent commits a Class E felony.   It is the duty of the commissioner to submit to the district attorneys general for the respective counties of the state any criminal violation of this chapter known by the commissioner to have occurred in the county. The commissioner shall also report the violation to the appropriate division of the Tennessee bureau of investigation. The commissioner may provide the information to the attorney general and reporter or the appropriate federal authorities, or both, as the commissioner deems proper. Confidential information that is communicated by the commissioner pursuant to this section remains confidential in the hands of the agency to which the information is reported, and does not become a matter of public record by virtue of this communication.
TN Code § 45-7-126 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-126. Promulgation of Rules

 All rules and regulations promulgated by the commissioner pursuant to authority conferred by this chapter or this title will be in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. In addition, at the time the commissioner files a notice of proposed adoption, amendment or repeal of a rule for public comment, a copy of the notice shall be sent by regular United States mail, postage prepaid, to all then current licensees under this chapter.
TN Code § 45-7-127 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-127. Requirement of Licensing Through a Multi-State Automated Licensing System

  In addition to any other powers imposed upon the commissioner by law, the commissioner is authorized to require persons subject to this chapter to be licensed through a multi-state automated licensing system. Pursuant to this authority, the commissioner may:  Promulgate whatever rules and regulations are reasonably necessary for participation in, transition to or operation of a multi-state automated licensing system;   Establish relationships or enter into agreements that are reasonably necessary for participation in, transition to, or operation of a multi-state automated licensing system. The agreements may include, but are not limited to, operating agreements, information sharing agreements, interstate cooperative agreements, and technology licensing agreements;   Require that applications for licensing under this chapter and renewals of such licenses be filed with a multi-state automated licensing system;   Require that any fees required to be paid under this chapter be paid through a multi-state automated licensing system;   Establish deadlines for transitioning licensees to a multi-state automated licensing system. The commissioner has the authority to deny any applications or renewal applications not filed with a multi-state automated licensing system after such deadlines have passed, notwithstanding any dates established elsewhere in this chapter. The commissioner shall, however, provide reasonable notice of any transition deadlines to licensees; and   Take such further actions as are reasonably necessary to give effect to this section.     Nothing in this section shall authorize the commissioner to require a person who is not subject to this chapter to submit information to, or to participate in, a multi-state automated licensing system that is operated or participated in pursuant to this chapter.   Notwithstanding any other provision of this section, the commissioner retains full authority and discretion to license persons under this chapter and to enforce this chapter to its fullest extent. Nothing in this section shall be deemed to be a reduction or derogation of that authority and discretion.   Applicants for, and holders of, licenses issued under this chapter shall pay all costs associated with submitting an application to or transitioning a license to a multi-state automated licensing system, as well as all costs required by a multi-state automated licensing system for maintaining and renewing any license issued by the commissioner on a multi-state automated licensing system.
TN Code § 45-7-128 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-128. Use of Multi-State Automated Licensing System as Agent for Channeling Information

 The commissioner is authorized to use a multi-state automated licensing system as an agent for channeling information, whether criminal or noncriminal in nature, whether derived from or distributed to the United States department of justice or any other state or federal governmental agency, or any other source, that the commissioner is authorized to request or distribute under this chapter.
TN Code § 45-7-129 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-129. More Effective Regulation and Reduction of Regulatory Burden Through Supervisory Information Sharing

 In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing:   The requirements under any federal or state law regarding the privacy or confidentiality of any information or material provided to a multi-state automated licensing system, and any privilege arising under federal or state law, including the rules of any federal or state court, with respect to such information or material, shall continue to apply to the information or material after the information or material has been disclosed to a multi-state automated licensing system. The information or material may be shared with all state and federal regulatory officials with money transmission oversight authority without the loss of privilege or the loss of confidentiality protections provided by federal or state law, including the protection available under §§ 45-1-120 and 45-7-116;   For purposes of subdivision (1), the commissioner is authorized to enter into agreements or sharing agreements with other governmental agencies, the Conference of State Bank Supervisors or other associations representing governmental agencies as established by rule, regulation or order of the commissioner;   Information or material that is subject to a privilege or confidential under subdivision (1) shall not be subject to:  Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or any agency of the federal government or the respective state; or   Subpoena or discovery or admission into evidence in any private civil action or administrative process, unless with respect to any privilege held by a multi-state automated licensing system applicable to such information or material, the person to whom such information or material pertains waives that privilege, in whole or in part, in the discretion of such person;     This section shall supersede any inconsistent provisions of title 10, chapter 7, part 5, pertaining to the records open to public inspection;   This section shall not apply with respect to information or material relating to publicly adjudicated disciplinary and enforcement actions against persons subject to this chapter that is included in a multi-state automated licensing system for access by the public.
TN Code § 45-7-130 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 7 - Money Transmitters|§ 45-7-130. Submission of Multi-State Automated Licensing System Reports of Condition

 Each licensee shall, pursuant to an order or direction of the commissioner, submit to a multi-state automated licensing system reports of condition in the form and containing the information the commissioner requires.
TN Code § 45-9-101 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 9 - International Banking|§ 45-9-101. Legislative Intent

 The general assembly declares that it is the purpose of this chapter to provide for the establishment of international banking and financial corporations chartered and operating under Tennessee law with powers sufficiently broad to enable them to compete effectively with similar institutions organized under other jurisdictions and laws, specifically institutions organized under § 25(a) of the Federal Reserve Act.
TN Code § 45-9-102 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 9 - International Banking|§ 45-9-102. Certificate of Authority by Commissioner

 The commissioner of financial institutions (hereinafter “the commissioner”) may grant a certificate of authority to any Tennessee corporation organized under this chapter for the purpose of engaging in international or foreign banking or other international or foreign financial operations; provided, that the corporation's charter is sufficiently limited so that no corporation organized under this chapter may carry on any part of its business in Tennessee or in the United States, except business that, in the opinion of the commissioner, is incidental to its international or foreign business.