Amends TCA Title 4, Chapter 51; Title 39; Title 45; Title 47 and Title 48.

This bill prohibits a licensee that offers interactive sports wagering under the Tennessee Sports Gaming Act from allowing a person placing a bet or wager to engage in the following activities in the same building where the person placed the bet or wager:<br /> <br /> (1) Entering into a flex loan plan pursuant to the Flexible Credit Act;<br /> <br /> (2) Entering into a title pledge agreement pursuant to the Tennessee Title Pledge Act;<br /> <br /> (3) Entering into a deferred presentment services agreement pursuant to the Deferred Presentment Services Act; or<br /> <br /> (4) Entering into a transaction pursuant to the Check Cashing Act of 1997.<br /> <br /> This bill also prohibits a licensee from including in a contract, agreement, or similar document for a transaction as described above in (1)-(4) with a person placing a bet or wager a provision that requires the application of the proceeds of a winning bet or wager to an outstanding amount owed to the licensee by the person for the transactions described above.<br /> <br /> This bill requires the board of directors of the Tennessee education lottery corporation to notify the department of financial institutions of violations of this bill. The assessment of penalties under the Act for violations of this bill will not prohibit the application of penalties under the various provisions of law that govern the transactions described above in (1)-(4). A violation of this bill will be considered a violation of the various laws described above in (1)-(4), making the violator subject to the various penalties under those laws, as applicable. For example, violations under the Check Cashing Act are generally Class C misdemeanors, and the violator may be subject to civil penalties and actions against the person's license.<br />