Every person doing a savings and loan business under the laws of this state shall be subject to supervision by the commissioner and the regulations promulgated by the commissioner. However, any regulation promulgated by the commissioner that has not been revised or amended in more than five (5) years may be waived by the commissioner, in the commissioner's discretion, as the commissioner deems necessary or appropriate to maintain a competitive balance among state chartered savings and loan associations, state chartered savings banks, federally chartered savings and loan associations and federally chartered savings banks.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 3 - Savings and Loan Associations
§ 45-3-801. Supervision of Associations
§ 45-3-803. Forms — Records — Accounting Practices
§ 45-3-804. Misdescription of Assets
§ 45-3-805. Charging Off or Setting Up Reserves Against Bad Assets
§ 45-3-806. Reproduction and Destruction of Records
§ 45-3-813. Commissioner Authorized to Have Appraisals Made at Expense of Association
§ 45-3-815. Access to Records — Summons — Oaths and Examination of Witnesses
§ 45-3-816. Additional Supervisory Powers
§ 45-3-818. Commissioner May Order Any Association to Discontinue Any Illegal Practice
§ 45-3-819. Removal of Directors, Officers, and Employees Participating in Violations