Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 45-7-141 - Consent orders - Emergency orders — Tennessee Law | CourtGPT
  1. Home/
  2. Laws/
  3. Tennessee/
  4. Title 45 - Banks and Financial Institutions/
  5. Chapter 7 - Money Transmission Modernization Act/
  6. Part 1 - Money Transmission Modernization Act/
  7. Section 45-7-141 - Consent orders - Emergency orders
Tennessee Legal Code

Section 45-7-141 - Consent orders - Emergency orders

Ask AI about this
(a) The commissioner may enter consent orders at any time with a person to resolve a matter arising under this chapter. A consent order must be signed by the person to whom it is issued or a duly authorized representative, and must indicate agreement to the terms contained in the order. A consent order may provide that it does not constitute:(1) An admission by a person that a provision of this chapter, or a rule or order promulgated or issued pursuant to this chapter, has been violated; or(2) A finding by the commissioner that the person has violated a provision of this chapter, or a rule or order promulgated or issued pursuant to this chapter.(b) Notwithstanding the issuance of a consent order, the commissioner may seek civil or criminal penalties or compromise civil penalties concerning matters encompassed by the consent order.(c) In cases involving extraordinary circumstances requiring immediate action, the commissioner may take an enforcement action authorized by this chapter without providing the opportunity for a prior hearing, but shall promptly afford a subsequent hearing upon an application to rescind the action taken, if the application is filed with the commissioner

ithout providing the opportunity for a prior hearing, but shall promptly afford a subsequent hearing upon an application to rescind the action taken, if the application is filed with the commissioner within twenty (20) days of the receipt of the notice of the commissioner's emergency action.Added by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024.