(a) Any person providing goods or services who initiates a preauthorized debit card transaction that is more than twenty-five percent (25%) of the actual transaction amount, or fifty dollars ($50.00), whichever is greater, shall disclose at the time and point of sale that a hold will be placed on the customer’s debit card account. The person initiating the hold shall disclose the dollar amount of the hold, if the amount is known.

This section governs the release of personal consumer information in Tennessee. It applies to any person or business that conducts business in Tennessee, or any agency of Tennessee or its political subdivisions, that owns or licenses computerized personal information of residents of Tennessee. The section defines terms such as ‘breach of system security’, ’encrypted’, ‘information holder’, ‘personal information’, and ‘unauthorized person’. It requires information holders to disclose any breach of system security to affected residents of Tennessee within 45 days of discovery or notification, unless a longer period is required for law enforcement purposes.

This Tennessee law requires any person or business entity in the state, including healthcare providers, that has obtained a federal social security number for a legitimate business or governmental purpose to make reasonable efforts to protect that number from public disclosure. The law prohibits posting or displaying social security numbers in public, transmitting them over the Internet without secure connections or encryption, requiring them to log onto websites without password or authentication, printing them on materials mailed to consumers (unless required by law or for forms/applications), and printing them on checks, cards, identifications, or badges.

This legal document defines and governs negotiable instruments. It specifies that a negotiable instrument is an unconditional promise or order to pay a fixed amount of money. The instrument must be payable to bearer or to order, payable on demand or at a definite time, and must not contain any other undertaking or instruction beyond the payment of money. The document also provides definitions for various types of negotiable instruments, such as checks, cashier’s checks, teller’s checks, traveler’s checks, and certificates of deposit.

This legal document governs the medium and time of settlement by a bank. It specifies that the medium and time of settlement may be prescribed by Federal Reserve regulations or circulars, clearing-house rules, and agreements. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve bank or specified by the person receiving settlement. The time of settlement varies depending on the method of tender, such as cash, credit in a Federal Reserve Bank account, credit or debit to a bank account, or funds transfer.

This legal document, part of the Tennessee Code, specifically addresses the final payment of items by payor banks, provisional settlements, and the availability of funds for withdrawal. It outlines the conditions under which an item is considered finally paid by a payor bank, including payment in cash, settlement without the right to revoke, and failure to revoke a provisional settlement within the permitted time. The document also discusses the effect of provisional settlements made through clearing houses or by debits and credits between banks.

This legal document, part of the Tennessee Code, specifically addresses the recovery of payment by return of items in the context of payor banks. It outlines the circumstances under which a payor bank can revoke a settlement and recover the settlement made for a demand item. The document specifies that the payor bank can revoke the settlement by either returning the item or sending written notice of dishonor or nonpayment if the item is unavailable for return.

This legal document, found in the Tennessee Code under Commercial Instruments and Transactions, specifically in the section on Bank Deposits and Collections, pertains to the collection of items by payor banks. It states that any knowledge, notice, stop-payment order, or legal process received by the bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if certain conditions are met.

This legal document governs the circumstances under which a bank may charge a customer’s account. According to the document, a bank is allowed to charge against the customer’s account for an item that is properly payable, authorized by the customer, and in accordance with any agreement between the customer and the bank. The customer is not liable for an overdraft if they neither signed the item nor benefited from its proceeds.

This legal document, part of the Tennessee Code, specifically addresses the customer’s right to stop payment and the burden of proof of loss in the relationship between a payor bank and its customer. According to the document, a customer or any authorized person can stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop-payment order is effective for six months, but if the original order was oral, it lapses after fourteen days unless confirmed in writing.