Tennessee § 47-18-5503 - Exempt agreements and persons.

§ 47-18-5503. Exempt agreements and persons.

This part does not apply to: An agreement with an individual whom the provider has no reason to know resides in this state at the time of the agreement; A provider to the extent that the provider: Provides or agrees to provide debt-management, educational or counseling services to an individual whom the provider has no reason to know resides in this state at the time the provider agrees to provide the services; or Receives no compensation for debt-management services from or on behalf of the individuals to whom it provides the services or from their creditors; or The following persons or their employees when the person or the employee is engaged in the regular course of the person's business or profession: A judicial officer, a person acting under an order of a court or an administrative agency or an assignee for the benefit of creditors; A bank; An affiliate, as defined in § 47-18-5502, of a bank if the affiliate is regulated by a federal or state banking regulatory authority; Any person who is engaged in the credit services business as defined in § 47-18-1002 but is not engaged in the business of debt counseling, debt management or debt settlement as defined by this part; provided, that the person is registered as a credit services business with the administrator; or A title insurer, escrow company or other person that provides bill-paying services if the provision of debt-management services is incidental to the bill-paying services. Acts 2009, ch. 469, § 1. Code Commission Notes. Acts 2009, ch. 469, § 1 purported to enact new part 54, §§ 47-18-5401 — 47-18-5441 ; however, part 54 was previously enacted by Acts 2009, ch. 198, and this part was redesignated as part 55, §§ 47-18-5501 — 47-18-5541 by the code commission.