As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions, or the commissioner's designee, may review to determine an applicant's fitness for licensure. - Amends TCA Title 45, Chapter 12; Title 45, Chapter 18 and Title 45, Chapter 5.

SB 936 As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions, or the commissioner's designee, may review to determine an applicant's fitness for licensure Amends TCA Title 45, Chapter 12; Title 45, Chapter 18 and Title 45, Chapter 5

Tennessee 110th General Assembly

As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions, or the commissioner's designee, may review to determine an applicant's fitness for licensure. - Amends TCA Title 45, Chapter 12; Title 45, Chapter 18 and Title 45, Chapter 5.
SB-936


About SB-936

As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions, or the commissioner's designee, may review to determine an applicant's fitness for licensure. - Amends TCA Title 45, Chapter 12; Title 45, Chapter 18 and Title 45, Chapter 5.

  

Bill Texts

Draft 02/09/2017

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History

Passed On Second Consideration, Refer To Senate Commerce And Labor Committee

02/13/2017

Filed For Introduction

02/09/2017

Introduced, Passed On First Consideration

02/09/2017