Tag Archive: "Tennessee"
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Tennessee Adopts Emergency Rules Relating to its Online Notary Public Act
These rules outline the requirements for application for commissioning as an online notary public, the performance of notarial acts, and standards for online notarization.
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Tennessee Adopts Provisions Setting Forth New Standards of Practice for Debt Collectors
The Tennessee Department of Commerce and Insurance, Division of Regulatory Boards, Collection Service Board has adopted provisions regarding the standards of practice for debt collectors. The new provisions address, among other things, the acquisition of location information from 3rd parties, communications in connection with debt collection, harassment or abuse, and unfair practices.
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Tennessee Enacts Provisions Regarding its Online Notary Public Act
Tennessee has passed House Bill 1794 which amends Tennessee Code Annotated, Section 66-22-10. HB 1794 provides for the online notarization of documents or instruments by a notary public who has been appointed as an online notary public by the Secretary of State.
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Tennessee Amends Provisions Regarding Interest Rate Limits
Tennessee has enacted HB1944 to amend interest rate limits under its Industrial Loan and Thrift Companies Act. The bill changes current law so that interest rates apply to the amount financed instead of the total amount of the loan. These amendments only apply to certain loans made by industrial loan and thrift companies.
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Tennessee Amends Several Residential Mortgage Related Provisions
Tennessee amended its provisions for the rules pertaining to home equity conversion mortgages, rate of interest charged by certain industrial loan and thrift registrants and time of manner of foreclosure sales.
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Tennessee Amends Provisions Relating to the Licensing of Non-Depository Financial Institutions
The state of Tennessee has amended provisions of its Residential Lending, Brokerage and Servicing Act affecting the licensing of certain non-depository financial institutions.
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Tennessee Announces Annual Supervision Fees
The Tennessee Department of Financial Institutions has announced the annual supervision fees for non-depository financial institutions for fiscal year 2016-2017, which become effective on October 14, 2016. The purpose of these fees is to cover the annual licensing or registration fees, as well as the costs of routine examinations and investigations.
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Tennessee Modifies Provisions Regarding Banks and Financial Institutions
Effective April 8, 2016, the State of Tennessee amends House Bill 1546, Title 45, Chapter 5 and Title 45, Chapter 13 an act relating to licensure of mortgage loan professionals. Tennessee Code Annotated, section 45-5202(h) is relabeling the existing language as subdivision (1), and also adding more language as a new subdivision. The following will […]