reglab/housing_qa huggingface dataset:
TN Code § 45-5-205 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-205. Suspension or Revocation of Certificates of Registration

  The commissioner may, after notice and opportunity for a hearing, suspend or revoke any certificate of registration if the commissioner finds that the registrant has knowingly or without exercising due care:  Failed to pay any fees or assessments imposed by the commissioner under the authority of this chapter; or   Violated any provision of this chapter or of any rule or regulation issued under this chapter.     A hearing shall be held on twenty (20) days' notice, in writing, setting forth the time and place and a concise statement of the facts alleged to sustain a suspension or revocation, which hearing shall be full, fair and public. The suspension or revocation and its effective date shall be set forth in a written order accompanied by conclusions of law, findings of fact and the reasons for the suspension or revocation, and a copy shall forthwith be delivered to the registrant. The order, findings, conclusions and any transcript of the evidence considered by the commissioner shall be filed with the public records of the department of financial institutions.   If a registrant operates more than one (1) office, any suspension or revocation of its certificate of registration shall be directed only against the office or offices that the commissioner may find in violation of this chapter.   Suspension or revocation of a certificate of registration shall not affect the validity of any existing loan contracts made under this chapter, or the validity of any investment certificates or thrift certificates issued in accordance with  this chapter.
TN Code § 45-5-206 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-206. Lost Certificates of Registration — Substitutions

 In the event that a certificate of registration issued under this chapter is lost or destroyed, the person to whom the certificate of registration was issued may, upon payment of a fee prescribed by the commissioner, obtain a substitute certificate of registration, upon furnishing proof satisfactory to the commissioner that the certificate of registration has become lost or destroyed.
TN Code § 45-5-208 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-208. 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 registered through a multi-state automated licensing system. Pursuant to this authority, the commissioner may:  Promulgate any rules reasonably necessary for participation in, transition to, or operation of a multi-state automated licensing system;   Establish relationships or enter into agreements 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 registration under this chapter and renewals of such registrations 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 registrations to a multi-state automated licensing system. The commissioner may deny any applications or renewal applications not filed with a multi-state automated licensing system after the deadlines have passed, notwithstanding any other deadlines established elsewhere in this chapter. The commissioner shall provide reasonable notice of any transition deadlines to registrants; and   Take such further actions as are reasonably necessary to give effect to this section.     Nothing in this section authorizes the commissioner to require a person who is not subject to this chapter to submit information to, or participate in, a multi-state automated licensing system.   Notwithstanding any other provision of this section, the commissioner retains full authority and discretion to register persons under this chapter and to enforce this chapter. Nothing in this section reduces or derogates that authority and discretion.   Applicants for and holders of registrations issued under this chapter must pay all costs associated with submitting an application or transitioning a registration to a multi-state automated licensing system, as well as all costs associated with maintaining and renewing any registration issued by the commissioner on a multi-state automated licensing system.
TN Code § 45-5-209 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-209. Privacy or Confidentiality of Shared Information

 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, continue to apply to the information or material after it 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 consumer finance industry oversight authority without the loss of privilege or confidentiality protections provided by federal or state law, including the protection available under § 45-1-120;   For purposes of subdivision (1), the commissioner may 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 confidentiality protection under subdivision (1) is not subject to:  Disclosure under any federal or state law governing disclosure to the public of information held by an officer or 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 the person to whom such information or material pertains, in the person's discretion, waives any applicable privilege held by a multi-state automated licensing system, in whole or in part;     This section supersedes any inconsistent provisions of title 10, chapter 7, part 5, pertaining to the records open to public inspection; and   This section does not apply 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 § 45-5-303 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 3 - Powers of Registered Companies|§ 45-5-303. Names Used by Registrants — Rules Governing Advertisements

  Every registrant under this chapter may use the words “industrial loan and thrift company” or any part of those words in its corporate name. It is unlawful for any registrant organized after July 1, 1968, and qualified under this chapter, to use as a part of its company name the words “savings and loan.” Each company organized prior to July 1, 1968, and using such words as part of its corporate name, as a condition precedent to its registration or reregistration under this chapter, shall agree to include with each use of its corporate name in advertising the issuance and sale of certificates of investment, in lettering at least two-thirds (2/3) the size of the lettering in its name and directly beneath its name so as to be plainly visible, the following addendum: “not federally insured.”   Nothing in this chapter shall be construed to deny the use or alteration of any name of any company registered under the former Industrial Loan and Thrift Companies Act on July 1, 1979.   The commissioner is authorized and directed to adopt rules governing the advertisements of registrants under this chapter in order to prevent confusion as to the different categories of registrants under this chapter and between the registrants and other financial institutions.
TN Code § 45-5-304 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 3 - Powers of Registered Companies|§ 45-5-304. Investment Certificates

  A registrant shall not issue investment certificates until:  The registrant has qualified as an industrial investment company and furnishes evidence to the commissioner that it meets the capital requirements specified in § 45-5-603;   The registrant gives notice to the commissioner that the registrant intends to issue investment certificates, which notice shall specify the number and total dollar amount of certificates to be offered and the terms of the offering;   The registrant files the forms, documents, and receipts to be used by the registrant with the commissioner; and   The registrant furnishes proof that the offering and sale of the investment certificates is covered by an effective registration under the Tennessee Securities Act, compiled in title 48, chapter 1, part 1, or that the securities division of the department of commerce and insurance has reviewed the proposed offering and determined that it is exempt from registration.     A registrant may use the forms, documents and receipts that have been filed with the commissioner until the commissioner gives the registrant notice that they do not meet the requirements of this chapter or that the registrant has not complied with other applicable laws.   Each investment certificate shall have printed thereon in at least ten-point bold-face type the following: “not federally insured.”   Except with the prior written approval of the commissioner, a registrant shall use the proceeds from the issuance and sale of investment certificates only in the conduct of its business.   A registrant shall not use the terms “banking hours,” “banking room,” or other similar banking terms in connection with advertising the issuance and sale of investment certificates. Each piece of the advertisement shall bear the full name of the registrant.
TN Code § 45-5-401 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 4 - Interest and Borrowers|§ 45-5-401. Contracts for Interest — Computation

   With respect to loans where the amount financed is less than one hundred dollars ($100), this chapter permits, but does not require, interest to be contracted for by way of discount. Interest may also be contracted for at an effective rate that results in the same amount being paid as if interest had been contracted by way of discount at a nominal rate not in excess of the maximum nominal rate specified in § 45-5-301(2) for loans of this category, always subject to the maximum effective rate provided in § 45-5-301(2) for loans of this category.   With respect to loans where the amount financed is one hundred dollars ($100) or more, this chapter does not limit or restrict the manner or method of contracting for interest, whether by way of add-on, discount, or otherwise, so long as the maximum effective rate of interest for loans of this category does not exceed that authorized by § 45-5-301(2) for the loans.   With respect to loans made under open-end credit plans, interest shall be computed on the principal balance unpaid from time to time, always subject to the maximum effective rate provided in § 45-5-301(2) for loans of this category.     In any event, the maximum effective rate of interest on a loan shall:  Be determined in accordance with the actuarial method;   In the case of precomputed interest, be calculated and determined as of the date of the loan on the assumption that all scheduled payments will be made as contracted; and   Not be affected by the prepayment of the loan, in whole or in part.     Interest may be contracted for on the unpaid balance due after the maturity date of the loan:  Where the amount financed is less than one hundred dollars ($100), at an effective rate not to exceed eighteen percent (18%) per annum;   Where the amount financed is one hundred dollars ($100) or more, up to five thousand dollars ($5,000), at an effective rate not to exceed thirty percent (30%) per annum;   Where the amount financed is more than five thousand dollars ($5,000), at an effective rate not to exceed twenty-four percent (24%) per annum; and   Where the loan is made under an open-end credit plan, at an effective rate not to exceed twenty-four percent (24%) per annum.     The term of a loan for the purposes of this section commences on the date the loan is made. Differences in the lengths of months are disregarded and, for any period less than a month, each day may be counted as one-thirtieth (1/30) of a month.
TN Code § 45-5-404 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 4 - Interest and Borrowers|§ 45-5-404. Remedies of Borrowers — Defenses — Limitations of Actions

 The remedies of borrowers, the limitations on actions of borrowers, the defenses available to borrowers and to registrants, and the procedures applicable in the actions with respect to interest and loan charges under this chapter shall be those as prescribed by the general statute pertaining to interest and other charges by lenders or creditors.
TN Code § 45-5-405 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 4 - Interest and Borrowers|§ 45-5-405. Interest on Judgments

 When a judgment is based on a note or loan contract hereunder fixing a rate of interest within the limits provided herein, that judgment shall bear interest at the rate so fixed.
TN Code § 45-5-501 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-501. Supervision by Commissioner — Powers of Commissioner

  Each registrant shall be subject to the supervision of the commissioner.   The commissioner is authorized to make and enforce reasonable rules and regulations necessary and proper for the administration, enforcement and interpretation of this chapter.   In adopting the rules and regulations, the commissioner shall follow the procedures set forth in the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. A copy of every rule and regulation shall be mailed to each registrant at least thirty (30) days prior to the date it shall take effect.   The commissioner, for the purpose of discovering violations of this chapter and for the purpose of determining whether persons are subject to this chapter, is authorized to examine the registrants, including all books, records and papers employed by the registrants in the transaction of their business, and to summon witnesses and examine them under oath, concerning matters relating to the business of the persons or other matters that may be relevant in the discovery of violations of this chapter. The commissioner may employ deputies and assistants who may be necessary for this purpose, and the deputies and assistants shall be vested with the same authority conferred upon the commissioner by this subsection (d).
TN Code § 45-5-502 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-502. Examination or Investigation Fees

 The costs for an examination or investigation of registrants shall be assessed pursuant to § 45-1-118(i). An unregistered person subject to the certificate of registration requirements of this chapter, that is examined or investigated in accordance with this chapter, shall pay to the commissioner the reasonable and actual expenses of the investigation or examination.
TN Code § 45-5-503 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-503. Annual Reports of Registrants — Reports by Commissioner to Governor and General Assembly

  Each registrant shall file an annual report with the commissioner by July 31 of each year, containing the following information:  The names and addresses of persons owning controlling interest in the registrant;   The location of all places of business operated by the registrant and the nature of the business conducted at each location;   The names and addresses of all affiliated lenders and affiliated insurance companies doing business in this state;   Balance sheets, statements of income and expense, summaries of the types of loans made, and other statistical information that may reasonably be required by the commissioner, consistent with generally accepted accounting practices, for the purpose of determining the general results of operations under this chapter; and   If the registrant is a corporation, the names and addresses of its officers and directors, or if the registrant is a partnership, the names and addresses of the partners.     If the registrant holds two (2) or more certificates of registration or is affiliated with other registrants, a composite report may be filed, but may not be required.   The reports shall be filed in a form that may reasonably be required by the commissioner and shall be sworn to by a responsible officer of the registrant. The commissioner is encouraged to adopt forms for the reports consistent with any system uniform with other states.   The commissioner shall prepare and submit to the governor and the general assembly, annually, an analysis and recapitulation of the reports for the preceding calendar year for the purpose of reflecting the general results of operations under this chapter.
TN Code § 45-5-504 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-504. Violations — Cease and Desist Orders — Penalties

 If, after notice and opportunity for a hearing, the commissioner finds that a person has violated this chapter, or any administrative rule issued pursuant to this chapter, the commissioner may take any or all of the following actions:   Order the person to cease and desist violating this chapter or any administrative rule issued pursuant to this chapter;   Require the refund of any interest, fees, or charges collected by the person in violation of this chapter or any administrative rule issued pursuant to this chapter; and   Order the person to pay the commissioner a civil monetary penalty of not more than ten thousand dollars ($10,000) for each violation of this chapter or administrative rule issued pursuant to this chapter.
TN Code § 45-5-505 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-505. Change of Control

  A change in control of a registrant shall require thirty (30) days prior notice in writing to the commissioner. However, in the case of a publicly traded corporation, notification shall be made in writing within thirty (30) days of a change or acquisition of control of a registrant.   Upon notification, the commissioner may require information deemed necessary to determine whether an application for registration is required. The commissioner may waive the filing of an application if, in the commissioner's discretion, the change in control does not pose any risk to the interests of the public.   Whenever control of a registrant is acquired or exercised in violation of this section, the registration of the registrant shall be deemed revoked as of the date of the unlawful acquisition of control. The registrant, or its controlling person, shall surrender the registration to the commissioner on demand.
TN Code § 45-5-506 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-506. Bar From Industry

  If the crime or civil or administrative judgment involved any offense reasonably related to the qualifications, functions, or duties of a person engaged in the business in accordance with  this chapter, the commissioner, after notice and opportunity for hearing, may censure, suspend for a period not to exceed twelve (12) months, or bar a person from any position of management, control, employment or providing services for any registrant or other person subject to the commissioner's jurisdiction, if the commissioner finds that the:  Censure, suspension or bar is in the public interest and that the person has committed or caused a violation of this chapter, a rule or regulation, or an order of the commissioner; or   Person has been:  Convicted of or pled guilty to or nolo contendere to any crime; or   Held liable in any civil action by final judgment, or any administrative judgment by any public agency.       Persons suspended or barred under this section are prohibited from participating in any business activity of a registrant and from engaging in any business activity on the premises where a registrant is conducting its business. This subsection (b) shall not be construed to prohibit suspended or barred persons from having their personal transactions processed by a registrant.   This section shall apply to any violation, conviction, plea, or judgment after July 1, 2001.
TN Code § 45-5-507 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-507. Filing of Written Report With Commissioner — Events Impacting Activities of Registrant

 Within fifteen (15) days of the occurrence of any one (1) of the events listed in this section, a registrant shall file a written report with the commissioner describing the event and its expected impact on the activities of the registrant:   The filing for bankruptcy or reorganization by the registrant;   The institution of revocation or suspension proceedings against the registrant by any state or governmental authority;   The denial of the opportunity to engage in business by any state or governmental authority;   Any felony indictment of the registrant or any of its officers, directors or principals, or partners;   Any felony conviction of the registrant or any of its officers, directors, principals, or partners; and   Other events that the commissioner may determine and identify by rule.