reglab/housing_qa huggingface dataset:
TN Code § 45-12-115 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-115. Promulgation of Rules — Investigation and Examination of Licensees — Payment of Expenses of Investigation or Examination — Exception

  The commissioner may promulgate rules in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5, for the enforcement of this chapter. A copy of any rule adopted by the commissioner shall be mailed to the principal place of business of each license holder at least thirty (30) days before the date it takes effect.   To assure compliance with this chapter, the commissioner may examine the relevant business, books and records of any licensee. Further, for the purposes of discovering violations of this chapter and determining whether persons are subject to this chapter, the commissioner may examine or investigate persons licensed under this chapter and persons reasonably suspected by the commissioner of conducting business that requires a license under this chapter by exercising authority that includes, but is not limited to, the power to summon witnesses and examine them under oath or affirmation, and to compel the production of books and records that may be relevant to the examination or investigation.    A licensee or unlicensed person subject to the licensing 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. The expenses shall be payable in addition to all other fees, taxes and costs required by law.   If a supervision fee is established pursuant to § 45-1-118, then licensees who pay the supervision fee will no longer be required to pay examination expenses pursuant to this subsection (c) for examinations that occur after payment of the supervision fee.
TN Code § 45-12-116 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-116. Grounds for Suspension or Revocation of License — Revocation or Suspension of Multiple Licenses — Hearing

  The commissioner may, after notice and hearing, suspend or revoke any license if the commissioner finds that the licensee has knowingly or through lack of due care:  Failed to pay any fees, expenses, or costs imposed by the commissioner under the authority of this chapter;   Has committed any fraud, engaged in any dishonest activities or made any misrepresentations;   Has violated any provision of this chapter, any rule issued pursuant to this chapter, or any other law in the course of the licensee's dealings as a licensee;   Has made a false statement in the application for the license or failed to give a true reply to a question in the application; or   Has demonstrated incompetency or untrustworthiness to act as a licensee.     If the reason for revocation or suspension of a licensee's license at any one (1) location is of general application to all locations operated by a licensee, the commissioner may revoke or suspend all licenses issued to a licensee.   A hearing shall be held on written notice given at least twenty (20) days prior to the date of the hearing and shall be conducted in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
TN Code § 45-12-117 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-117. Authorized Actions by Commissioner Upon Violation of Chapter or Rules

 If, after notice and opportunity for a hearing, the commissioner finds that a person has violated this chapter, or any rule issued pursuant to this chapter, the commissioner may take the following actions or any combination of such actions:   Order the person to cease and desist violating the chapter or any rule promulgated pursuant to this chapter;   Require the refund of any fees collected by the person in violation of this chapter; or   Order the person to pay to the commissioner a civil penalty of not more than one thousand dollars ($1,000) for each transaction in violation of this chapter or for each day that a violation occurs or continues.
TN Code § 45-12-118 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-118. Grounds to Suspend or Bar a Person From Any Position of Employment, Management or Control of a Licensee

  The commissioner, after notice and opportunity for a hearing, may censure, suspend for a period not to exceed twelve (12) months, or bar a person from any position of employment, management or control of a licensee, 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 or any rule or order of the commissioner; or   Person has been:  Convicted or pled guilty to, or pled nolo contendere to, any crime; or   Held liable in any civil action by final judgment, or any administrative judgment by any public agency, if the criminal, civil or administrative judgment involved any offense reasonably related to the qualifications, functions, or duties of a person engaged in the business of making flex loans pursuant to this chapter.       Persons suspended or barred under this section are prohibited from participating in any business activity of a licensee and from engaging in any business activity on the premises where a licensee 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 licensee.
TN Code § 45-12-119 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-119. Consent Orders—emergency Actions by Commissioner

  The commissioner may enter into a consent order at any time with any person to resolve any matter arising under this chapter. A consent order shall be signed by the person to whom it is issued, or a duly authorized representative, and shall indicate agreement to the terms contained in the order. A consent order need not constitute an admission by any person that any provision of this chapter, or any rule or order promulgated or issued under this chapter has been violated, nor need it constitute a finding by the commissioner that the person has violated this chapter, or any rule or order promulgated or issued under this chapter.   Notwithstanding the issuance of a consent order, the commissioner may seek civil or criminal 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 that is filed with the commissioner within twenty (20) days after receipt of the notice of the commissioner's emergency action.
TN Code § 45-12-120 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-120. Complaints Against Licensees to Be Filed With Commissioner — Investigative Powers — Enforcement

  Any person aggrieved by the conduct of a licensee under this chapter in connection with the licensee's regulated activities may file a written complaint with the commissioner who may investigate the complaint.   In the course of the investigation of the complaint, the commissioner may:  Subpoena witnesses;   Administer oaths;   Examine any individual under oath or affirmation; and   Compel the production of records, books, papers, contracts or other documents relevant to the investigation.     If any person fails to comply with a subpoena of the commissioner under this chapter or to testify concerning any matter about which the person may be interrogated under this chapter, the commissioner may petition any court of competent jurisdiction for enforcement.   The license of any licensee under this chapter who fails to comply with a subpoena of the commissioner may be suspended pending compliance with the subpoena.   The commissioner shall have exclusive administrative power to investigate and enforce any and all complaints relating to the business of making flex loans filed by any person that are not criminal in nature.
TN Code § 45-12-121 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-121. Events Requiring Notification by Licensee to Commissioner

 Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (1)-(6), a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in 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 the business of making loans by any state or governmental authority;   Any felony indictment of the licensee or any of its directors, officers or principals;   Any felony conviction of the licensee or any of its directors, officers or principals; and   Other events that the commissioner may determine and identify by rule.
TN Code § 45-12-122 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-122. Annual Report by Licensee — Confidentiality of Information

  Each licensee shall file an annual report with the commissioner on the date of the renewal application required in § 45-12-109 containing the following information:  The names and addresses of persons owning a controlling interest in each licensee;   The location of all places of business operated by the licensee and the nature of the business conducted at each location;   The names and addresses of all affiliated entities regulated under this title doing business in this state;   An audited financial statement, including, but not limited to, a balance sheet, statement of income or loss, and statement of changes in financial position, for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm, neither of which is affiliated with the licensee; and   If the licensee is a corporation, the names and addresses of its officers and directors; if the licensee is a partnership, the names and addresses of the partners; or if the licensee is a limited liability company, the names and addresses of the board of governors or managers of the limited liability company.     If the licensee holds two (2) or more licenses or is affiliated with other licensees, 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 licensee.   The information submitted by licensees pursuant to this section shall be afforded the same degree of confidentiality by the department and the commissioner as is applicable to reports filed by industrial loan and thrift companies pursuant to § 45-5-503.   The commissioner shall prepare and submit to the governor and 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 § 45-12-123 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-123. Multi-State Automated Licensing System

  In addition to any other powers conferred 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 rules that 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; provided, however, the commissioner shall 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 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 § 45-12-124 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-124. [reserved.]

  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 consumer credit 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;   For purposes of subdivision (a)(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 or order of the commissioner;   Information or material that is subject to a privilege or confidential under subdivision (a)(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, 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; and   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.     Notwithstanding any other provision in this chapter, the commissioner shall not use a multi-state automated licensing system for sharing any federal bureau of investigation criminal history background information, unless authorized to do so by the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (12 U.S.C. §§ 5101-5116), as amended, or other federal law.
TN Code § 45-12-126 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 12 - Flexible Credit Act|§ 45-12-126. Allocation of Certain Fees

 The department may, in the department's sole discretion, allocate a portion of the total amount collected in fees pursuant to §§ 45-12-106 and 45-12-109 to the Tennessee financial literacy commission, created by § 49-6-1702.
TN Code § 45-14-101 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-101. Short Title

 This chapter shall be known and may be cited as the “Savings Bank Chartering Act of 1991.”
TN Code § 45-14-102 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-102. Objective of Chapter

 The objective of this chapter is to facilitate the delivery of credit for home ownership, family and community purposes, and of other financial and related services, through the chartering of depository institutions known as savings banks, which shall conduct their general business strictly as savings banks in accordance with the requirements of this chapter and the regulations issued under this chapter, if any.
TN Code § 45-14-103 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-103. Commissioner of Financial Institutions — Authority — Savings Banks — Authorized Activities — Applicable Law — Definitions — Deposit Insurance

  The commissioner of financial institutions, hereinafter referred to as the “commissioner,” is authorized to provide for the organization, chartering, incorporation, examination, operation, regulation, safety and soundness of savings banks.   A savings bank may organize, convert and engage in acquisitions, mergers, consolidations, share exchanges and purchase of assets and assumption of liabilities, in the same manner as is provided for associations in chapter 3 of this title.   The commissioner may by regulation define any term used in this chapter that is not specifically defined in this chapter.   The provisions of chapter 2 of this title, and the regulations thereunder, that are applicable to commercial banks and related parties regarding insolvency, conservatorship, receivership, the termination of unsafe and unsound practices, and the enforcement of laws, regulations and orders, are likewise applicable to savings banks.   All savings banks chartered under this chapter shall be subject to this chapter and the regulations issued under this chapter, and a foreign depository institution operating in this state that meets the definition of a savings bank under § 3(g) of the Federal Deposit Insurance Act (12 U.S.C. § 1813(g)), as in effect as of September 1, 1990, is likewise subject to the act and regulations.   Except where the context requires otherwise, “savings bank,” as used in this chapter, means a depository institution chartered pursuant to this chapter.   The deposits of each savings bank subject to this chapter must be insured by the federal deposit insurance corporation pursuant to the Federal Deposit Insurance Act.
TN Code § 45-14-104 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-104. Deposits — Borrowing and Securities — Investments — Issuance of Credit Cards — Offices — Trust Business

  A savings bank may accept deposits that:  May be withdrawn on a demand or other basis;   May be negotiable instruments of the savings bank; and   It may pay interest upon.     A savings bank may borrow, give security, and issue securities, (including capital stock), notes, bonds, debentures and other obligations.   A savings bank may invest in, sell or otherwise deal in the accounts, investments and loans, in the same manner as is provided for associations in chapter 3 of this title, and the regulations issued under that chapter.   A savings banks may:  Issue credit cards, extend credit in connection therewith, and otherwise engage in or participate in credit card operations;   Establish, maintain and close offices, branches, remote service units, automated teller machines and other facilities on the same basis as savings institutions chartered under the laws of this state; and   Carry on a trust business, which may encompass acting as trustee, executor, administrator, guardian or in any other fiduciary capacity, on the same basis, and subject to the same requirements with regard to the business, as may commercial banks, trust companies and other corporations authorized under the laws of this state and the regulations under the laws to carry on the business.
TN Code § 45-14-105 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-105. Commissioner — Survey of Pertinent Laws of Other States — Investments and Activities — Authorization of Investments Permissible for Federal Savings Banks — Competitive Equality

  The commissioner may survey periodically the laws and regulations governing savings banks chartered under the laws of other states, and that meet the definition of a “savings bank” under § 3(g) of the Federal Deposit Insurance Act (12 U.S.C. § 1813(g)), as in effect as of September 1, 1990, and, based upon the best practices of such foreign savings banks, may authorize savings banks to make investments and engage in activities not otherwise permissible under this chapter; provided, that investments and activities authorized under this section may not exceed in the aggregate an amount equal to five percent (5%) of the assets of the savings bank.   The commissioner may authorize savings banks to make any investment or engage in any activity that is permissible for federal savings banks, subject to the same limitations applicable to the federal savings banks, upon the commissioner's determination that, in the absence of the authorization, savings banks chartered under this chapter may be at a significant disadvantage in their ability to compete with other depository institutions.   Subject to reasonable regulation to preserve safety and soundness, the commissioner may authorize a state bank to make any investment or engage in any activity permissible to institutions chartered under this chapter that the commissioner determines to be necessary to preserve the competitive equality between depository institutions.
TN Code § 45-14-106 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-106. Capital Requirements

 Savings banks are subject to the same capital requirements as are commercial banks chartered under the laws of this state.
TN Code § 45-14-107 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 14 - Chartering of Savings Banks|§ 45-14-107. Loans to Single Borrower

 Savings banks, with regard to the amount of loans they may make to any single borrower, are subject to the same requirements as are commercial banks chartered under the laws of this state.