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2015 Collection Service Board Legislative Update, Collection Service Board 06/22/2015

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2015 Collection Service Board

Legislative Update

The Tennessee General Assembly has recently made changes to statutes which may impact you as a holder of a license with the Division of Regulatory Boards. These new changes set out in the following Public Chapter specifically amend the Tennessee Code Annotated as follows:

Public Chapter 291 (SB0081/HB0071) removes the requirement that collection service applicants provide a financial statement, while allowing the Collection Service Board to request additional information in appropriate cases. This law is effective as of April 24, 2015. A copy of the new law is available for review on the website of the Tennessee Secretary of State here:

If you have any questions or concerns about these new laws, please contact us by email at

Dept. of Commerce & Insurance | 500 James Robertson Pkwy | Nashville, TN 37243-0565
(615) 741-2241
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