A licensee's responsibility to any person who purchases a payment instrument or money transmission transaction from a licensee or a licensee's authorized agent shall be limited to the face amount of the payment instrument or money transmission transaction purchased.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 7 - Money Transmitters
§ 45-7-103. Chapter Definitions
§ 45-7-106. Permissible Investments
§ 45-7-107. License Application — Criminal History Records Check and Fingerprint Sample
§ 45-7-116. Confidentiality of Data Submitted to the Commissioner
§ 45-7-117. Suspension or Revocation of Licenses
§ 45-7-118. Authorized Agent Contracts
§ 45-7-121. Licensee Liability
§ 45-7-122. Hearings — Procedures
§ 45-7-126. Promulgation of Rules
§ 45-7-128. Use of Multi-State Automated Licensing System as Agent for Channeling Information
§ 45-7-130. Submission of Multi-State Automated Licensing System Reports of Condition