Tennessee Code Title 47. Commercial Instruments and Transactions § 47-18-5809

(1) The funds are held in a federal deposit insurance corporation insured bank;

(2) The consumer owns the funds held in the account, including all accrued interest on the account, if any;

(3) The dedicated account service provider is not owned or controlled by, or affiliated with, the debt resolution services provider.  For purposes of this subdivision (a)(3), “control” means the direct or indirect possession of the power to direct or cause the direction of the management of a licensee, whether by contract or through ownership of more than twenty percent (20%) of the voting securities of the licensee;

(4) The dedicated account service provider does not give or accept any money or other compensation in exchange for referrals of business involving the debt resolution services;

(5) The consumer may terminate the debt resolution services at any time without penalty by giving notice as required in § 47-18-5810(a), and thereafter, the licensee shall notify the dedicated account services provider of the consumer's termination within five (5) business days of receipt of the consumer's notice of intent to terminate debt resolution services;  and

(6) The agreement discloses the criteria set forth in subdivisions (a)(1)-(5).

(1) The services that the licensee will perform;

(2) The methodology the licensee will use to calculate fees to be charged for debt resolution services and, if known or if the information to calculate the fee is reasonably available, at the time the agreement is executed, the fees that the licensee will charge;

(3) The amount of time estimated on a good faith basis to be necessary to achieve the resolution of all enrolled debts, and to the extent that the service may include a resolution offer to any of the consumer's creditors, the time estimated on a good faith basis when the debt resolution services provider will make a bona fide resolution offer to each creditor;

(4) To the extent that the debt resolution services provider may include a resolution offer to any of the consumer's creditors, the amount of money or the percentage of each outstanding debt that the consumer must accumulate before the debt resolution services provider will make a bona fide resolution offer to each creditor;

(5) That debt resolution services may not be suitable for all individuals;

(6) To the extent that any aspect of the debt resolution services relies upon or results in the consumer's failure to make timely payments to creditors, that the consumer's failure to pay the consumer's debts will likely adversely affect the consumer's creditworthiness, may result in the consumer being subject to collection efforts, including lawsuits by creditors, and may increase the amount of money the consumer owes due to the accrual of fees and interest;

(7) That, unless the consumer is insolvent, if a creditor resolves a debt for less than its full amount, the resolution may result in the creation of taxable income to the consumer, even though the consumer does not receive any money;

(8) That specific results cannot be predicted or guaranteed and the licensee cannot require a creditor to negotiate or resolve a debt;

(9) That debt resolution services programs require an individual to meet regular savings goals in order to enable resolutions;

(10) That the licensee does not provide tax, accounting, or legal advice to an individual, unless the licensee is licensed in this state to provide such advice;

(11) That the licensee is the consumer's advocate and does not receive compensation from creditors for providing debt resolution services to the consumer;

(12) That the licensee does not make monthly or other payments to the consumer's creditors;

(13) The list of debts that the agreement covers;  and

(14) That, if applicable, the consumer's rights are subject to mandatory arbitration of any and all disputes with the debt resolution services provider.