Tennessee Code Title 47. Commercial Instruments and Transactions § 47-18-5806

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

(a) The commissioner may deny a license if:

(1) The applicant does not satisfy the requirements of § 47-18-5805;

(2) The application contains information that is materially erroneous or materially incomplete;

(3) The applicant fails to provide in a timely manner such information as the commissioner reasonably requests;

(4) An executive officer or member of the board of directors, or equivalent leadership structure, of the applicant has been convicted of or pled nolo contendere to:

(A) A felony; or

(B) An act involving fraud, deceit, or dishonesty; or

(5) An executive officer or member of the board of directors, or equivalent leadership structure, of the applicant has had a professional license revoked, suspended, or subjected to enforcement action in any state, and the license has not been reinstated.

(b) The commissioner shall provide to the applicant a written decision and findings containing the reasons supporting a denial of license issuance or renewal no later than twenty (20) days after the date of the denial. The applicant may appeal the denial to the chancery court of Davidson County no later than thirty (30) days after the applicant's receipt of the written decision denying the license issuance or renewal.

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Cite this article: FindLaw.com - Tennessee Code Title 47. Commercial Instruments and Transactions § 47-18-5806 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-47-commercial-instruments-and-transactions/tn-code-sect-47-18-5806/

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