Consumer Protection - 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.

Tennessee · 114 session · house

HB 2087Consumer Protection - 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.

Status: In committee
Latest action: 2026-03-18 — Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee
Primary sponsor: Sparks