Tennessee Code Annotated
Tenn. Code Ann. § 45-5-103 (2026)
Requirement of registration
✓ current as of May 2026
- (a) Except as otherwise provided by this chapter, no person shall engage in business as an industrial loan and thrift company or industrial bank or industrial investment company without obtaining from the commissioner a certificate of registration as herein provided.
- (b) A separate certificate of registration shall be required for each office or other place from which the business is conducted. However, loans secured by real property are not required to be closed at an office where the registrant making the loan is registered; but the loans may be closed at the office of any attorney at law licensed to practice in Tennessee or at the office of a title insurance company or title insurance agency licensed to do business in Tennessee; provided, that the closing location is within this state and within one hundred (100) miles of any registered office of the registrant making the loan.
Acts 1979, ch. 204, § 2; T.C.A., § 45-2002; Acts 1983, ch. 274, § 9; 1993, ch. 133, § 1.
Notes of Decisions
Cited in 1
case, 1997–1997 · leading case: Nat'l Loans, Inc. v. TN. Dept. of Fin. Institutions (Tenn. Ct. App. 1997).
Nat'l Loans, Inc. v. TN. Dept. of Fin. Institutions (Tenn. Ct. App. 1997). “See Tenn. Code Ann. § 45-5-103 (1993). In order to qualify for a certificate of registration, an applicant must “demonstrate such experience, character and general fitness as to command the confidence of the public and warrant the belief that the business to be operated…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.