Amends TCA Title 34; Title 45 and Title 47.
Tennessee SB0973 amends the Tennessee Code Annotated by increasing the time frame from 10 to 15 business days for the commissioner to return a certificate of authority or accompanying documents to the incorporators if the application for a business authorized to conduct banking does not comply with the required standards. This change affects businesses seeking to establish banking operations in Tennessee by providing them with additional time to address application deficiencies. The key provision is the extension of the review period for non-compliant applications.
Tennessee SB0973 amends the Tennessee Code Annotated by increasing the time frame from 10 to 15 business days for the commissioner to return a certificate of authority or accompanying documents to the incorporators if the application for a business authorized to conduct banking does not comply with the required standards. This change affects businesses seeking to establish banking operations in Tennessee by providing them with additional time to address application deficiencies. The key provision is the extension of the review period for non-compliant applications.
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