Tennessee § 45-17-103 - License requirement.
Full text of Tennessee Tennessee Code Annotated § 45-17-103 — License requirement., with citation guidance and answers to common questions.
§ 45-17-103. License requirement.
No person shall engage in the business of deferred presentment services in this state through the use of the internet, facsimile, telephone, or other means without having first obtained a license. A person shall be deemed to be engaged in the business of deferred presentment services in this state, if the person induces a consumer, while located in this state, to enter into a deferred presentment services transaction in this state. A separate license shall be required for each location from which the business of deferred presentment services is conducted. Any nonresident person, seeking a license under this chapter, shall furnish the commissioner with the name and address of a resident of this state upon whom notices or orders issued by the commissioner, or process affecting a licensee under this chapter, may be served. Such nonresident licensee shall promptly notify the commissioner in writing of every change in its designated agent for service of process, and such change shall not become effective until approved by the commissioner. Acts 1997, ch. 255, § 4; 1999, ch. 14, § 1; 2011, ch. 205, § 3. Code Commission Notes. The former last sentence of this section, concerning persons continuing to engage in the business of deferred presentment services without a license if application for licensure was filed by October 1, 1997, was deemed obsolete by the code commission in 2007. Compiler's Notes. Acts 1997, ch. 255, § 22 provided that §§ 45-17-101 — 45-17-119 were to be repealed at 12:01 a.m. October 1, 1999; however, Acts 1999, ch. 14, § 1 amended Acts 1997, ch. 255, § 22, by deleting the repeal provisions and making the amendment effective on becoming law on March 17, 1999.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-17-103
What does Tennessee Code Annotated § 45-17-103 cover?
Section 45-17-103 ("License requirement.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-17-103?
A common citation format is "Tennessee Code Annotated § 45-17-103" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-17-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.