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Tennessee Code Title 47. Commercial Instruments and Transactions § 47-23-106

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

(a) Each creditor shall notify its debtors of the creditor's change of address, within fifteen (15) days of such change of address, if failure to so notify may result in a debtor being assessed late charges or additional interest for failure to timely submit payment.

(b) Each violation of subsection (a) constitutes an unfair and deceptive act and shall be subject to the procedures and penalties prescribed by chapter 18, part 1 of this title.

(c) This section shall be enforced by the attorney general and reporter, in accordance with the procedures prescribed by chapter 18, part 1 of this title.

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Cite this article: FindLaw.com - Tennessee Code Title 47. Commercial Instruments and Transactions § 47-23-106 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-47-commercial-instruments-and-transactions/tn-code-sect-47-23-106/

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