Within fifteen (15) days of the occurrence of any one (1) of the events listed in subdivisions (1)-(6), a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:(1) The filing for bankruptcy or reorganization by the licensee;(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;(3) The denial of the opportunity to engage in the business of making loans by any state or governmental authority;(4) Any felony indictment of the licensee or any of its directors, officers or principals;(5) Any felony conviction of the licensee or any of its directors, officers or principals; and(6) Other events that the commissioner may determine and identify by rule.Added by 2014 Tenn. Acts, ch. 969,s 1, eff. 1/1/2015.
Tennessee Legal Code