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Tennessee Code Title 45. Banks and Financial Institutions § 45-7-120

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

(a) Each licensee shall submit a report of condition within forty-five (45) days after the end of the calendar quarter, or within any extended time as the commissioner may prescribe.

(b) The report of condition must include:

(1) Financial information at the licensee level;

(2) Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission;

(3) Permissible investments reports;

(4) Transaction destination country reporting for money received for transmission; and

(5) Any other information the commissioner requires with respect to the licensee. The commissioner is authorized to change or update, as necessary, the requirements of this section to carry out the purposes of this chapter and maintain consistency with NMLS reporting.

(c) The information required by subdivision (b)(4) must only be included in a report of condition submitted within forty-five (45) days after the end of the fourth calendar quarter.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-7-120 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-7-120/

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