Tennessee Code Annotated
Title 45: Banks and Financial Institutions
Chapter 17: Deferred Presentment Services
TCA 45-17-111: Regulations -- Examinations.
(a) The commissioner may promulgate reasonable regulations 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 or regulation 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.
(b) To assure compliance with this chapter, the commissioner may examine the relevant business, books and records of any licensee. Further, for the purpose 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, and to compel the production of books and records that may be relevant to the examination or investigation.
(c) Any 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 fees shall be payable in addition to all other fees, taxes and costs required by law.
History: Acts 1997, ch. 255, SC 12; 1999, ch. 14, SC 1; 2011, ch. 205, SC 5; 2012, ch. 679, SC 5.