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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: http://www.tn.gov/sos/acts/109/pub/pc0291.pdf.
If you have any questions or concerns about these new laws, please contact us by email at reg.boards@tn.gov.
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