Tennessee § 45-7-112 - Extraordinary reporting requirements.
Full text of Tennessee Tennessee Code Annotated § 45-7-112 — Extraordinary reporting requirements., with citation guidance and answers to common questions.
§ 45-7-112. Extraordinary reporting requirements.
Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (a)(1)–(5), a licensee shall file a written report with the commissioner describing the event and its expected impact on the licensee's activities in the state: The filing for bankruptcy or reorganization by the licensee; The institution of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee's money transmission activities; Any felony indictment of the licensee or any of its officers, directors or principals related to money transmission activities; Any felony conviction of the licensee or any of its officers, directors or principals related to money transmission activities; and Other events that the commissioner may determine. An authorized agent shall report to the licensee the theft or loss of payment instruments valued at five thousand dollars ($5,000) or more within twenty-four (24) hours from the time the agent knew or should have known of the theft or loss. Upon the receipt of the report, the licensee shall immediately provide the information to the commissioner. Acts 1994, ch. 715, § 1; T.C.A., § 45-7-212 . Code Commission Notes. Former part 2 of chapter 7, §§ 45-7-201 to 45-7-229 , was renumbered as chapter 7, §§ 45-7-101 to 45-7-129 , by the authority of the Code Commission in 2020.
Frequently Asked Questions About Tennessee § 45-7-112
What does Tennessee Code Annotated § 45-7-112 cover?
Section 45-7-112 ("Extraordinary reporting requirements.") 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 § 45-7-112?
A common citation format is "Tennessee Code Annotated § 45-7-112" (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 § 45-7-112 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.