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TN SB2046
TN SB2046AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to consumer protection.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, reduces from 15 to 10 days, the time within which a person licensed to provide deferred presentment services must file a written report with the commissioner of financial institutions following the occurrence of the filing for bankruptcy or reorganization; the institution of revocation or suspension proceedings by any state or governmental authority; the denial of the opportunity to engage in deferred presentment services by any state or governmental authority; any felony indictment or conviction of the licensee or any of its directors, officers, or principals; and other events that the commissioner may determine and identify by rule. - Amends TCA Title 45 and Title 47.
AI Summary
This bill, amending Tennessee Code Annotated Titles 45 and 47 concerning consumer protection, shortens the reporting deadline for businesses providing "deferred presentment services" – essentially short-term, high-interest loans often referred to as payday loans – to the commissioner of financial institutions. Previously, these businesses had 15 days to report significant events, but this bill reduces that timeframe to 10 days. The events requiring reporting include the licensee filing for bankruptcy or reorganization, facing revocation or suspension proceedings by any state or governmental authority, being denied the opportunity to engage in deferred presentment services by any authority, or any felony indictment or conviction of the licensee or its key personnel, as well as other events the commissioner may specify by rule.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate Commerce and Labor Committee (on 02/05/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2046&ga=114 |
| Fiscal Note - SB2046 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2046.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2046.pdf |
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