reglab/housing_qa huggingface dataset:
TN Code § 45-8-206 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-206. Authority and Powers of Commissioner

  The commissioner shall administer this part and shall have supervision responsibility for all BIDCOs incorporated under the laws of this state.   The commissioner may issue orders and promulgate rules and regulations pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.   Whenever the commissioner issues an order or license under this part, the commissioner may impose conditions that are deemed necessary or appropriate to effectuate the purposes of this part.   Every final order, decision or license action of the commissioner under subsections (b) and (c) is subject to administrative review under the Uniform Administrative Procedures Act.   In the event a person does not comply with an order issued pursuant to subsections (b) and (c), the commissioner may petition a chancery court having jurisdiction to seek injunctive relief to compel compliance with the order. The power is conferred and the duty is imposed upon the several chancery courts, in all proper cases, to award injunctive relief; provided, that the order issued by the commissioner shall not be reviewable in a proceeding initiated under this subsection (e).
TN Code § 45-8-207 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-207. Schedule of Fees

 The commissioner shall establish by regulation a schedule of fees that the commissioner determines to be reasonable and necessary to effectuate the purposes of this chapter, in connection with the licensing, administration, examination and supervision of BIDCOs. The schedule shall be subject to amendment by the commissioner by regulation from time to time.
TN Code § 45-8-209 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-209. Surrender of License

  Upon approval of a two-thirds (2/3) vote of its board of directors and after complying with subsection (b), a licensee may apply to the commissioner to have the commissioner accept the surrender of the license of the licensee. If the commissioner determines that the requirements of this section have been satisfied, the commissioner shall approve the application, unless in the opinion of the commissioner the purpose of the application is to evade a current or prospective action by the commissioner under this part.   Not less than sixty (60) days before filing an application with the commissioner under subsection (a), a licensee shall notify each of its shareholders of its intention to file an application. Each shareholder shall be notified of the right to file with the licensee an objection to the proposed surrender of the license within the sixty-day period and shall be advised that, if the shareholder files an objection, the shareholder should send a copy of the objection to the commissioner. If shareholders holding twenty percent (20%) or more of the outstanding voting securities of the licensee file  objections, the licensee shall not proceed with the application under subsection (a) unless the application is approved by a vote of shareholders holding two-thirds (2/3) of the outstanding voting securities of the licensee.
TN Code § 45-8-211 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-211. Offices — Personnel

  A licensee shall maintain not less than one (1) office in the state.   Each office of a licensee, whether within or outside of the state, shall be located in a place that is reasonably accessible to the public.   A licensee shall maintain at each of its offices personnel who are competent to conduct the business of the office.   Upon written notice to and consent from the commissioner, a licensee may establish, relocate or close an office, except that no consent shall be required if the licensee is well capitalized.
TN Code § 45-8-214 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-214. Merger, Acquisition or Sale of Business Assets

  Without the prior approval of the commissioner, a licensee shall not consummate a transaction involving a merger, acquisition of control, or a sale of all or substantially all of its business assets, where the licensee is a principal party to the transaction.   The commissioner shall not approve the merger of a licensee with another corporation unless:  The licensee is the surviving corporation; or   If the licensee is the disappearing corporation, the surviving corporation is also a licensee.     The commissioner shall approve an application by a licensee for approval of a proposed transaction involving a merger, acquisition of control or a sale of all or substantially all of the licensee's business assets, only upon a finding by the commissioner that:  The merger, acquisition, or sale will be on a sound financial basis with respect to the acquiring licensee;   Upon consummation of the merger, acquisition, or sale, it is reasonable to believe that the acquiring licensee will comply with this part; and   The merger, acquisition, or sale will not have a major detrimental impact upon competition in the providing of financing assistance or management assistance to business firms, or if there will be a major detrimental impact, the merger, acquisition, or sale is necessary in the interests of the financial soundness of any of the parties to the merger, acquisition, or sale, or is otherwise, on balance, in the public interest.
TN Code § 45-8-215 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-215. Records and Reports

  A licensee shall make and keep books, accounts, and other records in a form and manner that the commissioner may require. The records shall be kept at the place and shall be preserved for the length of time that the commissioner may specify.   Not more than ninety (90) days after the close of each fiscal year of a licensee, or a longer period if specified by the commissioner, a licensee shall file with the commissioner an audited report containing the following:  Financial statements, including balance sheet, statement of income or loss, statement of changes in capital accounts, and statement of changes in financial position;   A report, certificate, or opinion of an independent certified public accountant or independent public accountant who performs the audit, stating that the financial statements were prepared in accordance with generally accepted accounting principles; and   Other information that the commissioner may require.     In addition to the audited report required by subsection (b), a licensee shall file with the commissioner other reports and at times that the commissioner may require. Any report required by the commissioner under this section shall be in a form and shall contain information that the commissioner may specify.
TN Code § 45-8-216 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-216. Examination by Commissioner

  The commissioner shall visit and examine each licensee as frequently as the commissioner deems it necessary or expedient. On the occasion of every visit and examination, the commissioner shall, in company with one (1) or more of the officers of the licensee, if requested by the licensee, be given free access to every part of the office or place of business and to the assets, securities, books, papers and records of the licensee.   If, in the commissioner's opinion, it is necessary for a thorough examination of a licensee, the commissioner may retain one (1) or more accountants, attorneys, appraisers, or other third parties to assist the commissioner in the examination. Within ten (10) days after receipt of a statement from the commissioner, the licensee shall pay or reimburse the fees, costs and expenses of any third parties retained by the commissioner under this subsection (b).   The commissioner shall also have the power to examine or cause to be examined subsidiary corporations of BIDCOs subject to the commissioner's supervision under this part.   Any examination under this section may be made by any person or persons designated by the commissioner, and in that case, all the powers vested in the commissioner by this section shall be possessed by the person or persons so designated. The commissioner shall furnish to each examiner a commission under the signature of the commissioner and official seal of the department, which the examiner shall exhibit to the officer or officers of the BIDCO proposed to be examined as the examiner's authority for making the examination.
TN Code § 45-8-217 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-217. Investigations

  The commissioner may make the investigations within or without the state as the commissioner may consider necessary or appropriate for determining whether to approve an application filed with the commissioner under this part, or for determining whether a licensee or other person has violated or is about to violate this part, to aid in the enforcement of this part, or to aid in issuing an order or promulgating a rule or regulation pursuant to this part.   Any investigation under this section may be made by any person or persons designated by the commissioner, and in that case, all the powers vested in the commissioner by this section shall be possessed by the person or persons so designated. When the investigation is made without the presence of the commissioner, the commissioner shall furnish to the person or persons conducting the investigation a commission under the signature of the commissioner and official seal of the department, which shall be exhibited to any person contacted in the course of the investigation.   For purposes of an investigation under this section, the commissioner may administer oaths and affirmations, subpoena witnesses, including, but not limited to, the officers, directors, trustees, partners, managers and employees of any entity being examined, compel the attendance of witnesses, take evidence, and require the production of books, papers, correspondence, memoranda, agreements, or other documents or records that the commissioner considers relevant to the investigation.   If any person fails to comply with a subpoena or subpoena duces tecum issued by the commissioner under this section or fails to testify with respect to a matter concerning which the person may be lawfully questioned, the chancery court, upon application of the commissioner, may issue an order requiring the attendance of the person and the giving of testimony or production of evidence.
TN Code § 45-8-218 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-218. Issuance of Orders — Notice — Hearings

  The commissioner may issue an order, setting forth an appropriate remedy, including, but not limited to, a cease-and-desist order, an order removing any person from office with a licensee, or prohibiting any person from further participating in any manner in the conduct of the business of the licensee, upon a finding by the commissioner that the licensee, subject person or other person:  Has violated, is violating, or is about to violate any provision of this part or other applicable law, rule or regulation;   Has engaged or participated, or is engaging or participating, or is about to engage or participate, detrimentally with respect to the business of the licensee;   Has been indicted or convicted for a crime involving dishonesty or breach of trust; or   Is conducting acts that threaten the interests of the licensee or may threaten to impair public confidence in the licensee.     Notice and hearing shall be provided in advance of any action authorized in subsection (a). In cases involving extraordinary circumstances requiring immediate action, the commissioner may take the action, but shall promptly afford a subsequent hearing upon application to rescind the action taken.   The licensee, subject person or other person to whom an order is issued under subsection (a), is entitled to an administrative review of the order pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
TN Code § 45-8-219 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-219. Civil Penalties

  Should the commissioner find that any person has violated this part or has violated an order issued pursuant to § 45-8-218, the commissioner may order the person to pay to the state a civil penalty in an amount that the commissioner may specify. However, the amount of the civil penalty shall not exceed ten thousand dollars ($10,000) for each violation, or in the case of a continuing violation, ten thousand dollars ($10,000) for each day for which the violation continues. In determining the amount of the penalty, the commissioner shall consider the appropriateness of the penalty with respect to the size of the financial resources and good faith of the person charged, the gravity of the violation and other matters as justice may require.   A person assessed a penalty under subsection (a) shall be afforded an opportunity for a hearing upon request within ten (10) days of the issuance of the notice of assessment. The commissioner's decision after a hearing or otherwise shall constitute a final order and may be reviewed as provided in the Uniform Administrative Procedures Act, compiled in title 4, chapter 5; provided, that the original order shall not be reviewable in a proceeding initiated under this subsection (b).   Subsection (a) is in addition to, and not an alternative to, other provisions of this part that authorize the commissioner to issue orders or to take other action on account of a violation of this part.   Subsection (a) is in addition to, and not an alternative to, any criminal penalties that may be available under § 45-8-223 or any other criminal laws.
TN Code § 45-8-220 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-220. Show Cause Order — Appointment of Receiver

  If the commissioner finds that a licensee is insolvent, or the licensee is transacting business without authority or in violation of this part or any other law, or it is contrary to the purposes of this part for the licensee to continue business, the commissioner shall communicate the facts to the attorney general and reporter who shall file in the chancery court, in any county where the licensee is doing business, a complaint setting forth the facts and applying for an order requiring the licensee to show cause why its business should not be closed.   In a proper case made, the chancery court shall have the power to appoint a receiver to take charge of, settle and wind up the affairs of a licensee under the direction of the court, to enjoin the licensee from doing business, or to make other orders or decrees as the circumstances warrant and the court deems proper.
TN Code § 45-8-223 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-223. Intentional Violators — Penalties

  A person who knowingly commits an act that violates § 45-8-222 commits a Class A misdemeanor.   This section does not apply to an act committed or omitted in good faith in conformity with an order or rule of the commissioner, notwithstanding that order or rule is later amended, rescinded, or repealed, or determined by judicial or other authority to be invalid for any reason.   Nothing in this part limits the power of the state to punish a person for an act that constitutes a crime under any statute.
TN Code § 45-8-224 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-224. Report of Criminal Violations

 It is the duty of the BIDCO to submit to the commissioner a report of any apparent criminal violation known by it to have occurred. The commissioner shall submit to the district attorneys general of the respective judicial districts reports of apparent violations of laws. The commissioner shall also report the violation to the appropriate division of the Tennessee bureau of investigation.
TN Code § 45-8-225 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-225. Report of Accomplishments

 The commissioner shall publish annually and provide to the governor and to each member of the general assembly a report that summarizes the department's accomplishments under this part in promoting economic development in this state. At the minimum, the information shall include aggregate statistics on each of the following:   The number and dollar amount of provisions of financing assistance made by licensees to business firms;   The number and dollar amount of provisions of financing assistance made by licensees to business firms classified in broad categories of industry such as divisions of the standard industrial classification manual;   The number and dollar amount of provisions of financing assistance made by licensees to minority owned business firms and to female owned business firms; and   Estimates of the number of jobs created or retained.
TN Code § 45-8-226 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 8 - Small Business Investment Development|Part 2 - Business and Industrial Development Corporations|§ 45-8-226. Inapplicability of § 45-8-212 to Well Capitalized Licensee

 The requirements of § 45-8-212 shall not be applicable to a well capitalized licensee; provided, that within thirty (30) days of ceasing to be well capitalized, a licensee must apply for commissioner approval in order to retain any business acquired without the commissioner's prior approval.
TN Code § 45-13-101 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-101. Short Title

 This chapter shall be known and may be cited as the “Tennessee Residential Lending, Brokerage and Servicing Act.”
TN Code § 45-13-102 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-102. Purpose

 The origination or offering of financing for residential real property has a direct, valuable and immediate impact upon Tennessee's consumers, Tennessee's economy, the neighborhoods and communities of this state and the housing and real estate industry. The general assembly finds that accessibility to mortgage credit is vital to the state's citizens. It is the purpose of this chapter to ensure a sound system of making residential mortgage loans through the licensing, examination and regulation of mortgage lenders, mortgage loan brokers, mortgage loan servicers and mortgage loan originators. It is also the purpose of this chapter to carry out the purposes and to be compliant with the requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (12 U.S.C. § 5101 et seq.).
TN Code § 45-13-103 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-103. Administrative Authority

 The commissioner is granted broad administrative authority to administer, interpret and enforce this chapter and to promulgate reasonable substantive and procedural rules and regulations to carry out the purposes of this chapter.
TN Code § 45-13-104 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-104. Provisions Remedial

 This chapter is declared to be remedial in nature, and this chapter shall be liberally construed to effectuate the purpose of this chapter.
TN Code § 45-13-107 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-107. Lost Licenses — Substitutions

 In the event that a license issued under this chapter is lost or destroyed, the person to whom the license was issued may, upon payment of a nonrefundable fee prescribed by the commissioner, obtain a substitute license upon furnishing proof satisfactory to the commissioner that the license has become lost or destroyed.
TN Code § 45-13-108 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 13 - Tennessee Residential Lending, Brokerage and Servicing Act|Part 1 - General Provisions|§ 45-13-108. Filing of Written Report With Commissioner — Events Impacting Activities of Licensee

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