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 the 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 check cashing business by any state or governmental authority;(4) Any felony indictment of the licensee or any of its officers, directors or principals;(5) Any felony conviction of the licensee or any of its officers, directors, or principals; and(6) Other events that the commissioner may determine and identify by rule. Acts 1997, ch. 309, § 12.
Tennessee Legal Code