reglab/housing_qa huggingface dataset:
TN Code § 45-5-508 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-508. Preservation of Records — Reproduction

 All books and records required to be preserved by any regulation of the commissioner or required by any federal statute, regulation, or regulatory guideline, as applicable to each registrant, shall be preserved and made available to the commissioner, as provided in this chapter, for a period of twenty-five (25) months on all rejected applications and for a period of twenty-four (24) months on loans paid in full. The registrant may cause any or all records at any time in its custody to be reproduced or preserved, or both, by itself or by any other person who agrees in writing to submit its operations to the examination of the commissioner to the extent that the operations directly affect recordkeeping by any microphotographic process, electronic or mechanical data storage technique or any other means. A record reproduced or preserved, or both, by those processes, techniques or means shall have the same force and effect as the original record and be admitted into evidence equally with the original.
TN Code § 45-5-509 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 5 - Supervision by Commissioner|§ 45-5-509. Consent Orders

  The commissioner may enter into consent orders at any time with any person to resolve any matter arising under this chapter. A consent order 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 consent order. A consent order need not constitute an admission by any person that any provision of this chapter, or any rule, regulation or order promulgated or issued under this chapter has been violated, nor need it constitute a finding by the commissioner that the person has violated any provision of this chapter or any rule, regulation or order promulgated or issued under this chapter.   Notwithstanding the issuance of a consent order, the commissioner may seek civil or criminal penalties or compromise civil penalties concerning matters encompassed by the consent order.   In cases involving extraordinary circumstances requiring immediate action, the commissioner may take any enforcement action authorized by this chapter without providing the opportunity for a prior hearing, but shall promptly afford a subsequent hearing upon an application to rescind the action taken that is filed with the commissioner within twenty (20) days after receipt of the notice to the commissioner's emergency action.
TN Code § 45-5-601 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-601. Supervision and Examination

 In addition to the supervision and examination for compliance with this chapter as herein provided, industrial banks and industrial investment companies shall also be supervised and examined as banks for the protection of holders of investment and thrift certificates. To that end, the commissioner shall have and exercise with respect to industrial banks and industrial investment companies, in addition to the other powers and duties conferred by this title, the powers and duties specified in § 45-1-107 and in chapter 2, part 16 of this title, which part 16 shall be fully applicable to industrial banks and industrial investment companies.
TN Code § 45-5-602 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-602. Liquidation, Dissolution, and Reorganization of Industrial Banks

 Chapter 2, part 15 of this title, pertaining to the liquidation, dissolution and reorganization of state banks, is fully applicable to industrial banks and industrial investment companies.
TN Code § 45-5-603 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-603. Capital Structure

  To be registered as an industrial bank and to be authorized to issue thrift certificates, an industrial bank must have the capital structure required of state banks.   To be registered as an industrial investment company and to be authorized to issue investment certificates, an industrial investment company must have a capital structure in keeping with the scope of its existing and proposed operations, as determined by the commissioner. In making the determinations, the commissioner shall consider the justification offered by the applicant in support of its existing or proposed capital structure; the amount of outstanding and proposed investment certificates of the applicant; the number and characteristics of any existing holders of the certificates and of the market contemplated for any proposed offering; the terms of any proposed offering; the assets and liabilities of the company; the history of profitability of the company; and any other factors deemed pertinent to the protection of investors in the certificates. In no event shall the commissioner require a capital structure for an industrial investment company less than that required for a comparable industrial loan and thrift company or more than that required for a comparable industrial bank.
TN Code § 45-5-604 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-604. Insurance of Thrift Certificates

 For the purpose of providing for the insurance of thrift certificates, chapter 2, part 8 of this title shall be fully applicable to qualified industrial banks and to thrift certificates issued by them, and for that purpose, the word “bank” as used in that part includes “industrial bank” and the word “deposit” as used in that part includes “thrift certificate.”
TN Code § 45-5-605 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-605. Issuance of Thrift Certificates

 An industrial bank shall not issue thrift certificates until and unless:   It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation;   It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and   It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.
TN Code § 45-5-606 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-606. Rules Concerning Investment and Thrift Certificates

 In addition to the other rulemaking powers conferred upon the commissioner by this title, the commissioner is authorized and directed to adopt rules governing the issuance, offering and sale of investment certificates by industrial investment companies or thrift certificates by industrial banks and all operations of industrial investment companies and industrial banks in connection therewith, in order to protect the interests of the holders of the certificates, including, but not limited to, the maintenance of appropriate reserves.
TN Code § 45-5-607 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-607. Applicability of Laws Pertaining to Banks

 In order to protect the interests of holders of thrift certificates, in addition to the other provisions of chapters 1 and 2 of this title made applicable by this chapter to industrial banks, the following sections are applicable to industrial banks as to state banks generally: §§ 45-1-122; 45-2-101 [repealed]; 45-2-103; 45-2-203; 45-2-207(a), (d) and (e); 45-2-207(c), except the reference to “trust powers”; 45-2-208, except that loan limits for industrial banks shall be controlled by § 45-5-302, rather than § 45-2-1102; 45-2-209 [repealed]; 45-2-404; 45-2-607, except that industrial banks may invest in obligations that satisfy the requirements of chapter 5 of this title; and 45-2-616.
TN Code § 45-5-608 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-608. Conversion of Industrial Loan and Thrift Companies

 Any industrial loan and thrift company holding a certificate of registration under this chapter may convert to an industrial bank or to an industrial investment company by meeting the qualifications for operating as an industrial bank or industrial investment company as provided in this chapter. The commissioner shall provide forms for applications for conversion and may adopt rules governing conversion.
TN Code § 45-5-609 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-609. Merger With State Bank

  Any industrial loan and thrift company holding a certificate of registration under this chapter that has converted into an industrial bank may, with the approval of the commissioner, be merged into a state bank in accordance with the procedures contained in § 45-2-1304 if the following conditions are met:  The industrial loan and thrift company was legally chartered to transact business before 1930, and has, since its original incorporation, and prior to May 16, 1983, maintained branch offices in more than four (4) counties;   The industrial loan and thrift company has been registered continuously with the state of Tennessee since the first enactment of statutes regulating the industrial loan and thrift industry; and   The capital of the industrial loan and thrift company is, in the opinion of the commissioner, impaired or the company is, in the opinion of the commissioner, otherwise in an unsound condition as evidenced by a pending petition for corporate reorganization in bankruptcy or other similar legal proceeding.     The authority of the commissioner to approve the mergers authorized in subsection (a) shall extend only to those transactions for which a merger agreement has been filed with the commissioner on or before December 1, 1983.   The commissioner shall not approve any merger of an industrial bank into a state bank under this section unless the commissioner determines that the industrial bank will not be owned or controlled, directly or indirectly, by any person who would not be otherwise qualified to own or acquire control in a state bank.   For a period of three (3) full years following the effective date of the merger of an industrial bank into a state bank, in those counties other than the county in which the principal office of a state bank is located, the state bank into which the industrial bank is merged may continue to operate only those branch offices of the original industrial loan and thrift company that were in existence and operating on January 1, 1983, and those branch offices for which, in the opinion of the commissioner, land acquisition and plans for construction were substantially complete on or before January 1, 1983.
TN Code § 45-5-610 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-610. Conversion of Investment Certificates to Thrift Certificates

 Any outstanding investment certificates of an industrial loan and thrift company or of an industrial investment company that converts to operation as an industrial bank or any outstanding investment certificates of an industrial bank may be converted to thrift certificates, if the certificates will be insured by the federal deposit insurance corporation and otherwise meet the requirements for thrift certificates provided in this chapter and of any applicable rules adopted by the commissioner.
TN Code § 45-5-611 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-611. Fees

 The commissioner is authorized and directed to adopt a schedule of fees to cover the reasonable costs of examination and supervision and of the processing of conversion applications provided for in this part. Failure to pay any such fee shall be cause for suspension or revocation of authority or denial of any application.
TN Code § 45-5-612 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 5 - Industrial Loan and Thrift Companies|Part 6 - Industrial Banks and Industrial Investment Companies|§ 45-5-612. Out-of-State Banks Restricted — Compliance With § 45-5-609 Required for All Banks

   The general assembly finds and declares that the ownership of industrial banks by non-Tennessee bank holding companies or other non-Tennessee corporations is not of benefit to the people and economy of this state and will result in the drain of capital from Tennessee.   By July 5, 1984, any industrial bank owned by a bank holding company, or other company whose principal place of business is not in Tennessee, shall be divested by the company or liquidated and dissolved under § 45-2-1501(b), or shall be recertified by the commissioner as an industrial investment company, as defined in § 45-5-102, with the rights and powers of an industrial investment company, and shall no longer qualify as an industrial bank nor exercise any of the rights and powers of an industrial bank.     No industrial bank shall be created nor any industrial loan and thrift company or industrial investment company shall be converted to an industrial bank pursuant to § 45-5-608, or pursuant to any other provision of law unless the industrial bank, industrial loan and thrift company or industrial investment company satisfies the conditions set forth in § 45-5-609(a)(1) and (2).   If an application for organization as or conversion to an industrial bank is pending or the application has been approved for certification as an industrial bank, then any applicant or industrial bank that does not meet the requirements of this section and § 45-5-609 shall be recertified by May 5, 1984, by the commissioner as an industrial investment company as defined in § 45-5-102, with the rights and powers of an industrial investment corporation, and shall no longer qualify as an industrial bank nor exercise any of the rights and powers of an industrial bank, or shall be liquidated and dissolved under § 45-2-1501(b).   Subsection (c) applies to any and all industrial banks and applications for organization as or conversion to an industrial bank including, but not limited to, applications filed and approved prior to February 23, 1984; applications filed prior to but approved after February 23, 1984, and prior to April 5, 1984; applications filed before February 23, 1984, and pending on April 5, 1984; and applications filed and pending or filed and approved after February 23, 1984, and before April 5, 1984.   This section shall not be construed to alter, deny, void or otherwise affect the rights and powers of either an industrial bank meeting the requirements of § 45-5-609, or a state bank resulting from a merger provided for in § 45-5-609.
TN Code § 45-6-101 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 1 - Pawnbroker Restitution Act|§ 45-6-101. Short Title

 This part shall be known and may be cited as the “Pawnbroker Restitution Act”.
TN Code § 45-6-102 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 1 - Pawnbroker Restitution Act|§ 45-6-102. Crediting Money Paid by Conveying Customer if Goods Are Misappropriated or Stolen

 Notwithstanding § 40-24-105, all moneys paid by a conveying customer pursuant to § 45-6-213(c), § 40-35-301, or § 40-35-304, or pursuant to an order by any court of this state, whether civil or criminal in nature, shall be credited as follows:   If the misappropriated or stolen goods are returned to the claimant of the property, the pawnbroker shall first receive payment until the full amount the conveying customer received from the pawnbroker for the property, plus all applicable pawn service charges, and all fees and costs incurred by the pawnbroker in defending a replevin action or civil matter, are paid. Only after the pawnbroker is repaid in full shall payments be credited toward litigation taxes, costs, fines, or any other payment specified by the court; or   If the misappropriated or stolen goods are not returned to the claimant of the property, the claimant shall first receive payment in an amount specified by the court. After the claimant receives payment in full, all other payments shall be made in accordance with subdivision (1).
TN Code § 45-6-103 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 1 - Pawnbroker Restitution Act|§ 45-6-103. Relinquishment of Item Believed Misappropriated or Stolen

 A pawnbroker shall not be required to relinquish to a claimant an item believed to be misappropriated or stolen unless a court has ordered the pawnbroker to do so; provided, that the pawnbroker shall be subject to any hold order issued pursuant to § 45-6-213.
TN Code § 45-6-201 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 2 - Pawnbrokers Act of 1988|§ 45-6-201. Short Title

 This part shall be known and may be cited as the “Tennessee Pawnbrokers Act of 1988.”
TN Code § 45-6-202 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 2 - Pawnbrokers Act of 1988|§ 45-6-202. Purpose

 The making of pawn loans and the acquisition and disposition of tangible personal property by and through pawnshops vitally affects the general economy of this state and the public interest and welfare of its citizens. It is the policy of this state and the purpose of this part to:   Ensure a sound system of making loans and acquiring and disposing of tangible personal property by and through pawnshops and to prevent unlawful property transactions, particularly in stolen property, through licensing and regulating pawnbrokers and certain persons employed by or in pawnshops;   Provide for licensing fees, investigation fees, and minimum capital requirements of licensees;   Ensure financial responsibility to the state and the public;   Ensure compliance with federal and state laws; and   Assist local governments in the exercise of their police power.
TN Code § 45-6-204 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 2 - Pawnbrokers Act of 1988|§ 45-6-204. Authority of Licensed Pawnbrokers

  A pawnbroker licensed pursuant to this part has the power to:  Make loans on the security of pledged goods as a pawn or pawn transaction;   Purchase tangible personal property under a buy-sell agreement from individuals as a pawn or pawn transaction on the condition it may be redeemed or repurchased by the seller at a fixed price within a fixed time not to be less than sixty (60) days;   Lend money on bottomry and respondentia security, at marine interest;   Deal in bullion, stocks and public securities;   Make loans on real estate, stocks and personal property;   Purchase merchandise for resale from dealers and traders;   Make over-the-counter purchases of goods that the seller does not intend to buy back. The pawnbroker shall hold the goods for a period of not less than twenty (20) business days before offering the merchandise for resale; and   Use its capital and funds in any lawful manner within the general scope and purposes of its creation.     Notwithstanding this section, except for a pawn or pawn transaction authorized by Acts 1995, ch. 186, no pawnbroker shall have the power as enumerated in this section without first complying with the law regulating the particular transactions involved.
TN Code § 45-6-205 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 2 - Pawnbrokers Act of 1988|§ 45-6-205. License Required

 It is unlawful for any person, firm, or corporation to establish or conduct a business of pawnbroking unless the person, firm, or corporation has first procured a license to conduct the business in the manner and form as provided in this part.
TN Code § 45-6-206 (2021)
2021 Tennessee Code|Title 45 - Banks and Financial Institutions|Chapter 6 - Pawnbrokers|Part 2 - Pawnbrokers Act of 1988|§ 45-6-206. Eligibility Requirements for License

  To be eligible for a pawnbroker's license, an applicant must:  Be of good moral character;   Have net assets, as defined herein, of at least seventy-five thousand dollars ($75,000), readily available for use exclusively in conducting the business of each licensed pawnbroker;   Show that the business will be operated lawfully and fairly within the purpose of this part; and   Each licensed pawnbroker shall conform to the requirements set forth in § 45-6-221.     Despite a person's eligibility for a pawnbroker's license under subsection (a), the county clerk shall find ineligible an applicant who has a prior felony conviction within ten (10) years next preceding that:  Directly relates to the duties and responsibilities of the occupation of a pawnbroker; or   Otherwise makes the applicant presently unfit for a pawnbroker's license.     If an applicant for a pawnbroker's license is a business entity, the eligibility requirements of subsections (a) and (b) apply to each operator or beneficial owner, and as to a corporation, to each officer, shareholder, and director.