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Tennessee HB1954

Financial Institutions, Dept. of - As introduced, requires the department to implement a database no later than January 1, 2018, for licensees providing deferred presentment and flex loan transactions to ensure that customers are not exceeding certain limits under present law for such transactions; requires licensees to conduct database checks before entering into such transactions; authorizes a fee to be charged per transaction. - Amends TCA Title 45, Chapter 1; Title 45, Chapter 12 and Title 45, Chapter 17.