Tennessee Code Title 45. Banks and Financial Institutions § 45-6-204

(1) Make loans on the security of pledged goods as a pawn or pawn transaction;

(2) Purchase tangible personal property under a buy-sell agreement from individuals as a pawn or pawn transaction on the condition it may be redeemed or repurchased by the seller at a fixed price within a fixed time not to be less than sixty (60) days;

(3) Lend money on bottomry and respondentia security, at marine interest;

(4) Deal in bullion, stocks and public securities;

(5) Make loans on real estate, stocks and personal property;

(6) Purchase merchandise for resale from dealers and traders;

(7) Make over-the-counter purchases of goods that the seller does not intend to buy back. The pawnbroker shall hold the goods for a period of not less than twenty (20) business days before offering the merchandise for resale; and

(8) Use its capital and funds in any lawful manner within the general scope and purposes of its creation.