reglab/housing_qa huggingface dataset:
TN Code § 45-4-1202 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1202. Purposes

 The general purposes of the corporation are to:   Aid and assist its member credit unions in providing needed service functions;   Provide a source for liquidity management;   Provide financial, custodial and related services for credit unions; associations of credit unions; and corporations, organizations or agencies owned or operated by a credit union or credit unions; and   Provide management for mergers and joint ventures and for other credit unions.
TN Code § 45-4-1203 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1203. Powers

 The corporation may:   Enter into contracts of any nature;   Sue and be sued;   Adopt, use and display a corporate seal;   Receive the payment from its members for members' shares, members' deposits, special accounts and certificates;   Make loans to credit unions, associations of credit unions, and corporations, organizations, or agencies owned or operated by a credit union or credit unions;   Receive money or other property from credit unions, associations of credit unions, and corporations, organizations, or agencies owned or operated by a credit union or credit unions;   Invest its funds, not otherwise required for lending to its members, in the following manner:  In any legally chartered bank or trust company supervised by a state or federal bank regulatory agency;   In any state or federal savings and loan association or corporation;   In any agency or association organized either as a stock company, mutual association, or membership corporation; provided, that the membership or stockholders, as the case may be, of the agency or association are restricted to credit unions, or organizations of credit unions; and provided further, that the purposes for which the agency or association is organized are designed to service or otherwise assist credit union operations;   In obligations of or securities fully guaranteed as to principal and interest for the government of the United States or of the state of Tennessee;   In any bonds or other obligations issued by the Tennessee valley authority pursuant to the Tennessee Valley Authority Act of 1933 (16 U.S.C. §§ 831-831dd);   In investments authorized under § 35-3-120, and in any investment that is lawful for federal credit unions chartered under U.S.C., title 12;   In obligations permitted for state banks under § 45-2-607(a)(4) and (a)(5); and   In other investments not specifically enumerated in this subdivision (7) that may be permitted by rule or regulation of the commissioner;     Borrow money from any source upon terms and conditions that the directors determine. The corporation shall not be subject to the limitations of § 45-4-502(a);   Purchase in its own name, hold and convey property of any nature;   Receive by assignment or purchase, from its member credit unions, any property of any nature owned by those member credit unions;   Sell, assign, mortgage, encumber or transfer property of any nature;   Adopt and amend bylaws for carrying out the purposes of this section;   Extend to each member credit union discounts, advancements and accommodations that may be safe and reasonably made with due regard for the claims and demands of other member credit unions and the maintenance of sound credit conditions. It may further prescribe standards for defining the conditions under which discounts, advancements and accommodations may be extended to member credit unions;   Manage and operate other credit unions; and   Undertake other activities, not inconsistent with this part, that the bylaws may provide.
TN Code § 45-4-1204 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1204. Use of Name Exclusive

 This corporation shall have the sole right to use the names “volunteer state corporate central credit union,” “Volunteer Corporate Credit Union” and “VolCorp.”
TN Code § 45-4-1205 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1205. Amendments to Articles of Incorporation

 Amendments to the articles, adopted by a vote of two-thirds (2/3) of the number of member credit unions who own shares, shall be filed with the commissioner, and if the commissioner approves the amendments, shall become effective upon being filed in the same manner as the original articles.
TN Code § 45-4-1206 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1206. Bylaws

  The credit unions that adopt the articles of incorporation under § 45-4-1201 shall also subscribe and submit to the commissioner for approval the initial bylaws under which the corporation shall operate.   The bylaws may be amended at any regular meeting of the directors, or at a special meeting of the directors called for that purpose by vote of two-thirds (2/3) of the entire board.
TN Code § 45-4-1207 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1207. Membership — State Credit Unions, Federal Credit Unions and Foreign Credit Unions

 Any credit union legally chartered under federal law or chartered under the laws of any state may become a member of the corporation, in accordance with provisions of this part and the bylaws, rules and regulations adopted for carrying out the purposes of this part.
TN Code § 45-4-1208 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1208. Primary Shares — Dividends — Withdrawing Credit Unions

 On July 1, 1995, primary shares of the corporation shall automatically be converted to membership shares of the corporation.
TN Code § 45-4-1209 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1209. Directors

 The corporation's business shall be conducted by the directors, who shall be elected pursuant to the terms, conditions and provisions of the corporation's bylaws.
TN Code § 45-4-1210 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1210. Supervision by Commissioner of Financial Institutions — Fee

  The corporation is declared to be performing the functions of a credit union and shall be subject to exclusive supervision and an annual examination by the commissioner of financial institutions.   The corporation shall pay an annual supervision fee equal in amount to one-half (½) of the fee calculated to be due in accordance with § 45-4-1002(c) from a noncorporate credit union having assets equal in amount to the corporation.
TN Code § 45-4-1211 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1211. Tax Status of Corporation — Status of Its Bonds and Other Obligations

  The corporation and all properties at any time owned by it, with the exception of real estate properties, and the income therefrom shall be exempt from all taxation in this state.   Also, for the purposes of the Tennessee Securities Act of 1980, compiled in title 48, chapter 1, part 1, and any amendment thereto or substitution therefor, notes, bonds, debentures and other obligations issued by the corporation shall be deemed to be securities issued by a state-chartered credit union as more specifically defined in § 48-1-103(a)(5).
TN Code § 45-4-1212 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1212. Exemption From Share and Deposit Insurance

 The corporation shall be exempt from the requirements of § 45-4-505 relating to insurance of its shares and deposits.
TN Code § 45-4-1213 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 12 - Volunteer Corporate Credit Union|§ 45-4-1213. Exemption From Annual Meetings and Reserves

 The corporation shall be exempt from the requirements applicable to noncorporate credit unions relating to the date of its annual meetings and reserves.
TN Code § 45-4-1901 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 19 - Miscellaneous Provisions|§ 45-4-1901. Bureau of Information Maintained by Commissioner of Financial Institutions

 It is the duty of the commissioner to:   Organize and conduct a bureau of information in regard to credit unions and maintain an educational campaign in the state, looking to the promotion and organization of credit unions; and   Upon application of three (3) persons, residing in the state, furnish without cost printed information and blank forms that may be necessary for the formation and establishment of any local credit union in the state and, upon written request of seven (7) residents of the state, expressing a desire to form a local credit union in their particular locality, proceed as promptly as convenient to the locality and to advise and assist the organizers to perfect their organization and to submit to the commissioner their recommendations in the matter of incorporating the credit union in question.
TN Code § 45-4-1902 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 19 - Miscellaneous Provisions|§ 45-4-1902. Conversion of State Credit Union Into Federal Credit Union

 A state credit union may be converted into a federal credit union by complying with the following requirements:   A majority of the directors of the state credit union shall first approve the proposition for conversion and the date set for a vote by the members of the state credit union either at a regular meeting or by written ballot to be filed before the date set for the vote. Written notice of the proposition and of the date set for the vote shall then be delivered in person to each member, or mailed to each member at the address for the member appearing on the records of the credit union, not more than thirty (30) nor less than seven (7) days prior to the date. Approval of the proposition for conversion shall be by the affirmative vote of a majority of the members who vote on the proposal. The written notice of the proposition shall in boldfaced type state the issue that will be decided by a majority of the members who vote;   A statement of the results of the vote, verified by the affidavits of the president or vice president and of the secretary, shall be filed with the commissioner of financial institutions within ten (10) days after the vote is taken;   Promptly after the vote is taken and in no event later than ninety (90) days thereafter, if the proposition for conversion was approved by the vote, the credit union shall take action that may be necessary under the federal Credit Union Act to make it a federal credit union, and within ten (10) days after receipt of the federal credit union charter, there shall be filed with the commissioner a copy of the charter thus issued. Upon filing, the credit union shall cease to be a state credit union; and   Upon ceasing to be a state credit union, the credit union shall no longer be subject to this chapter. The successor federal credit union shall be vested with all the assets and shall continue to be responsible for all the obligations of the state credit union to the same extent as though the conversion had not taken place.
TN Code § 45-4-1903 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 19 - Miscellaneous Provisions|§ 45-4-1903. Conversion of Federal Credit Union Into State Credit Union

 A federal credit union, organized under the federal Credit Union Act, may be converted into a state credit union by:   Complying with all federal requirements requisite to enabling it to convert to a state credit union or cease being a federal credit union;   Filing with the commissioner proof of compliance, satisfactory to the commissioner;   Filing with the commissioner the articles of incorporation and bylaws required by state credit unions; and   The commissioner, when satisfied that all of the requirements, and all other requirements of the state Credit Union Act have been complied with, shall issue a certificate of approval of the charter of incorporation and of the bylaws. Upon approval, the federal credit union shall become a state credit union as of the date it ceases to be a federal credit union. The state credit union shall be vested with all of the assets and shall continue to be responsible for all of the obligations of the federal credit union to the same extent as though the conversion had not taken place.
TN Code § 45-4-205 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 4 - Credit Unions|Part 19 - Miscellaneous Provisions|§ 45-4-205. Compensation of Board and Committees

 45-4-802. Fee.
TN Code § 45-5-101 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-101. Purpose and Construction

  This chapter is adopted for the purpose of revising and restating the Industrial Loan and Thrift Companies Act, to the end that the people of this state may have available the facilities and resources of regulated lending institutions to meet their needs for loans at rates and charges reasonably commensurate with economic realities.   This chapter shall be liberally construed to effectuate its declared purpose, and to that end, no charge authorized under this chapter shall be construed as interest or a loan charge that is not defined and denominated as such.   The procedural provisions of this chapter shall be construed in pari materia with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, to the end that all proceedings under this chapter to which the Uniform Administrative Procedures Act applies shall be governed by the Uniform Administrative Procedures Act, with this chapter construed as supplemental thereto. Only where there is an express conflict shall this chapter be deemed to control.
TN Code § 45-5-103 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-103. Requirement of Registration

  Except as otherwise provided by this chapter, no person shall engage in business as an industrial loan and thrift company or industrial bank or industrial investment company without obtaining from the commissioner a certificate of registration as herein provided.   A separate certificate of registration shall be required for each office or other place from which the business is conducted. However, loans secured by real property are not required to be closed at an office where the registrant making the loan is registered; but the loans may be closed at the office of any attorney at law licensed to practice in Tennessee or at the office of a title insurance company or title insurance agency licensed to do business in Tennessee; provided, that the closing location is within this state and within one hundred (100) miles of any registered office of the registrant making the loan.
TN Code § 45-5-104 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-104. Scope of Chapter

 This chapter applies only to persons engaged in business as industrial loan and thrift companies or industrial banks or industrial investment companies. Neither the requirement of registration nor any other provision of this chapter shall apply to any state or national bank, other than industrial banks, any state or federal savings and loan association, any state or federal credit union, any insurance company, or any other person engaged in the business of making loans whose activities in so doing are subject to supervision and regulation by a state or federal administrative agency; nor shall the requirement of registration or any other provision of this chapter apply to licensed pawnbrokers, or to any person engaged in the sale of goods or services as a licensed pawnbroker.
TN Code § 45-5-105 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-105. Persons Registered Under Former Law

 Any person holding a certificate of registration under this chapter as of May 16, 1983, shall be deemed, as of that date, to be registered as an industrial loan and thrift company hereunder, without the necessity of reapplying or paying any additional fees.
TN Code § 45-5-106 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-106. Violation of Provisions a Misdemeanor — Penalty

 Any person who willfully violates this chapter commits a Class C misdemeanor.
TN Code § 45-5-107 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 1 - General Provisions|§ 45-5-107. Delegation to Industrial Loan and Thrift Companies Division

 The commissioner may by order delegate the powers and duties under this chapter to the assistant commissioner for the industrial loan and thrift companies division that are appropriate for the effective administration of this chapter.
TN Code § 45-5-201 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-201. General Qualifications for Registration

  In order to qualify for registration as an industrial loan and thrift company, a person must:  Demonstrate experience, character and general fitness to command the confidence of the public and warrant the belief that the business to be operated will be operated lawfully and fairly;   If a natural person or a partnership, have a net worth of at least twenty-five thousand dollars ($25,000) for each office or place of business to be registered;   If a corporation, be either:  Organized under the Tennessee Business Corporation Act, compiled in title 48, Chapters 11 27, to transact business as an industrial loan and thrift company; or   Organized and existing under the laws of some other jurisdiction, holding a certificate of authority to transact business in this state from the secretary of state under the Tennessee Business Corporation Act and authorized to transact business as an industrial loan and thrift company or to engage in a similar business in the jurisdiction of its incorporation; and     Whether foreign or domestic, have a total stated capital and surplus of at least twenty-five thousand dollars ($25,000) for each certificate of registration.     In order to qualify for registration as an industrial investment company or industrial bank, a person must:  Demonstrate experience, character and general fitness as to command the confidence of the public and warrant the belief that the business to be operated will be operated lawfully and fairly;   Have a capital structure in accordance with § 45-5-603;   Be organized under the Tennessee Business Corporation Act to transact business as an industrial bank or industrial investment company, as the case may be;   Have a name that does not include the word “bank” or any word deceptively similar thereto; and   Comply with the requirements of part 6 of this chapter.
TN Code § 45-5-203 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-203. Expiration of Registration Certificates — Renewal — Fees — Evidence That Surety Bond Adjusted — Continuing Education and Testing — Biennial Registration

  A certificate of registration issued pursuant to this chapter expires on December 31. A certificate of registration may be renewed for the ensuing twelve-month period upon application by the registrant showing continued compliance with the requirements of § 45-5-201 and payment of the nonrefundable supervision fee, as provided in § 45-1-118(i). A registrant making timely and complete application and payment for renewal of its certificate of registration may continue to operate under its existing certificate of registration until its application is approved or denied. The completed renewal application and the payment of the annual supervision fee must be sent to the department on or before December 31, but no earlier than November 1, of each year.   A registrant submitting an application for renewal of a certificate of registration expiring on March 31, 2018, must pay the supervision fee as provided in § 45-1-118(i). The completed renewal application and payment must be sent to the department on or before March 1, 2018. A renewal certificate of registration with a beginning effective date of April 1, 2018, expires on December 31, 2018.   As a condition of renewal of a certificate of registration for a registrant that makes or proposes to make residential mortgage loans, the registrant shall file with its renewal application evidence that its surety bond is adjusted in accordance with § 45-5-202(c).   As a condition of renewal of a certificate of registration for a registrant that makes or proposes to make residential mortgage loans, the commissioner may adopt rules to require that any of the individuals identified pursuant to § 45-5-202(e) successfully complete continuing education course requirements. The rules pertaining to continuing education requirements, as well as those pertaining to any testing or education requirements, or both, under § 45-5-202, may include criteria for content, accreditation of sponsors and programs, computation of credit, special cases and exemptions, general compliance procedures and sanctions for noncompliance.   The commissioner may establish a biennial registration arrangement for the filing of the application for renewal of the certificate of registration, but in no case shall the supervision fee be payable for more than one (1) year at a time.
TN Code § 45-5-204 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 2 - Registration of Companies|§ 45-5-204. Denial of Applications for Registration

  If the commissioner determines that an applicant is not qualified to receive a certificate of registration, the commissioner shall notify the applicant in writing that the application has been denied, stating the basis for denial.   If the commissioner denies an application, or if the commissioner fails to act on an application within ninety (90) days after its filing, the applicant may make written demand to the commissioner for a hearing before the commissioner on the question of whether the certificate of registration should be granted.   The hearing shall be conducted pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5. In the hearing, the burden of proving that the applicant is entitled to a certificate of registration shall be on the applicant. Decisions of the commissioner on the hearings shall be subject to review under the Uniform Administrative Procedures Act.