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Tennessee Code Title 45. Banks and Financial Institutions § 45-6-219

Current as of January 02, 2024 | Updated by FindLaw Staff

(a)(1) Counties, incorporated municipalities, cities and taxing districts in this state have the authority by ordinance to adopt provisions of this part and have the authority to adopt further rules and regulations that the legislative bodies of the counties, incorporated municipalities, cities and taxing districts may deem right and proper. No county, incorporated municipality, city or taxing district has the authority to:

(A) Regulate interest, fees and insurance charges;

(B) Regulate hours;

(C) Regulate the nature of the business or types of pawn transactions;

(D) Regulate license requirements;

(E) Require reports or pawn tickets providing identification, information or descriptions different from that required in § 45-6-209; or

(F) Require a pawnbroker to hold over-the-counter purchase of goods that the seller does not intend to buy back for a period of more than twenty (20) business days before offering the merchandise for resale.

(2) Counties shall have no more authority than incorporated municipalities, cities and taxing districts have under this subsection (a) in regulating pawnbrokers.

(b) A law enforcement official from any county, municipality, city or taxing district may not charge a pawnbroker, firm or corporation a fee for receiving, reviewing or processing daily reports or pawn tickets as defined in § 45-6-209, or any other information required by the law enforcement official.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-6-219 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-6-219/

Read this complete Tennessee Code Title 45. Banks and Financial Institutions § 45-6-219 on Westlaw

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