The Tennessee Money Transmitter Act of 1994 governs the regulation and licensing of money transmitters in Tennessee. It applies to persons engaging in the business of money transmission in the state, with certain exemptions for federal agencies, state entities, and specific financial institutions. The act establishes the requirements and responsibilities for license applicants and licensees, including the sale or issuance of payment instruments, transmission of money, and ownership control. It outlines the net worth requirements for obtaining and maintaining a license, as well as the qualifications and character requirements for applicants.

The Fantasy Sports Act in Tennessee governs fantasy sports contests conducted by fantasy sports operators through online platforms. It defines various terms and establishes that a fantasy sports contest involves players paying an entry fee to assemble imaginary teams of athletes, with the winning outcome determined by the statistical results of the athletes’ performance in real competitions. The act excludes certain types of contests from the definition of fantasy sports contests.

The Tennessee Identity Theft Deterrence Act of 1999 aims to prevent and minimize harm resulting from identity theft. While it does not impose liability on businesses or banks for solely failing to prevent identity theft, it also does not immunize them from civil suits under the Tennessee Consumer Protection Act of 1977. Victims of identity theft can file claims against businesses or banks for failing to prevent or minimize the harm caused by identity theft.

The provided legal document content pertains to the use and issuance of credit cards in Tennessee. It defines ‘credit card’ and addresses the rules regarding unsolicited credit cards and unauthorized use. It outlines the requirements for assuming liability for a credit card and exercising reasonable care in its use and safekeeping. The document also prohibits the use of credit card information for identification purposes in connection with the sale of goods or services paid by check or the acceptance of a check, except in specific circumstances.

This section of the Tennessee Code governs the liability for dishonored checks. It applies to persons who have executed and delivered a check or draft drawn on or payable at a bank or other financial institution. If a person stops payment on the check or allows it to be dishonored due to lack of funds, failure to have an account, or lack of an authorized signature, they may be held liable in a civil action.

The provided legal document content pertains to the formation and construction of lease contracts in Tennessee. It outlines the requirements for enforceability, modification, and rescission of lease contracts. The document specifies the conditions for creating express warranties and the implied warranties of merchantability and fitness for a particular purpose in lease contracts. It also addresses the rights of third-party beneficiaries and the allocation of risk of loss in lease contracts. Additionally, the document covers insurance and proceeds related to lease contracts.

The Uniform Commercial Code Bank Deposits and Collections governs the rules and regulations related to bank deposits and collections in Tennessee. It aims to provide a uniform statement of the principal rules of the bank collection process, ensuring uniformity in the law of bank collections. The document promotes the efficiency of the check collection process, particularly through the use of automated systems and electronic transmission of check information. It defines the rights between parties with respect to bank deposits and collections, creating a legal framework that accommodates automation and truncation for the benefit of all bank customers.

These legal documents govern funds transfers and are governed by Article [Chapter] 4A of the Tennessee Code. They provide precise rules for assigning responsibility, defining behavioral norms, allocating risks, and establishing limits on liability in funds transfers. The documents are intended to be the exclusive means of determining the rights, duties, and liabilities of the parties involved in funds transfers. They emphasize the importance of considering the competing interests of banks, commercial and financial organizations, and the public in the drafting process.

The Uniform Commercial Code Letters of Credit governs commercial instruments and transactions related to letters of credit in Tennessee. It provides a theoretical framework for the function and legal nature of letters of credit while accommodating developments in their efficient use. The document defines the unique characteristics of letters of credit and their legal consequences, distinguishing them from other forms of assurance and contracts. It emphasizes the need for letter of credit law to remain responsive to commercial reality and the customs and expectations of the international banking and mercantile community.

The ‘Uniform Commercial Code Secured Transactions’ is a legal document that governs secured transactions in Tennessee. It provides a comprehensive framework for the regulation of security interests in personal property and fixtures. The document covers various topics such as the creation, perfection, and enforcement of security interests, priority rules, and the rights and obligations of debtors, secured parties, and third-party creditors. It applies to all parties involved in secured transactions in Tennessee and aims to provide a simple and unified structure for such transactions.