Tennessee Code Annotated

Title 45: Banks and Financial Institutions

Chapter 17: Deferred Presentment Services

TCA 45-17-110: Expiration of license. [Effective until July 1, 2015. See the version effective on July 1, 2015.]

First of 2 versions of this section


(a) Licenses issued pursuant to this chapter shall expire on December 31. Each license may be renewed for the ensuing twelve-month period upon application by the license holder showing continued compliance with the requirements of SC 45-17-104 and the payment to the commissioner annually, between November 1 and December 31, a license renewal fee of five hundred dollars ($500).

(b) Licenses issued or renewed under the former provisions of this chapter with an expiration date of September 30, 2012, shall instead expire on December 31, 2012.


Second of 2 versions of this section

(a) Licenses issued pursuant to this chapter shall expire on December 31. A license may be renewed for the ensuing twelve-month period upon application by the license holder showing continued compliance with the requirements of SC 45-17-104 and the payment to the commissioner annually, between November 1 and December 31, of the nonrefundable supervision fee, as provided in SC 45-1-118(i). A licensee making timely and complete application and payment for renewal of its license shall be permitted to continue to operate under its existing license until its application is approved or denied.

(b) Licenses issued or renewed under the former provisions of this chapter with an expiration date of September 30, 2012, shall instead expire on December 31, 2012.

(c) The commissioner may establish a biennial license arrangement for the filing of the application for licensure renewal, but in no case shall the supervision fee be payable for more than one (1) year at a time.

History: Acts 1997, ch. 255, SC 11; 1999, ch. 14, SC 1; 2012, ch. 679, SC 4; 2014, ch. 736, SCSC 22, 23.