According to the Tennessee Code, a bank is not obligated to pay a check presented by a customer more than six months after its date, except for certified checks. However, the bank may charge the customer’s account for a payment made in good faith after the six-month period. This provision is in line with banking and commercial practice, as checks outstanding for longer than six months are considered stale. The section does not apply to certified checks, as they are the primary obligation of the certifying bank.

This legal document governs the duty of customers to review statements of account provided by banks. According to the document, if a bank sends or makes available a statement of account showing payment of items for the customer’s account, the bank must either return the items paid or provide sufficient information in the statement to allow the customer to identify the items paid. The customer is required to exercise reasonable promptness in examining the statement or items to determine any unauthorized payments, alterations, or missing or incorrectly credited deposits.

The Student Online Personal Protection Act applies to operators of websites, online services, online applications, or mobile applications used for K-12 school purposes. It prohibits operators from engaging in targeted advertising, using student information to amass a profile, selling or renting student information, and disclosing covered information unless certain exceptions apply. Operators are required to implement reasonable security procedures, delete covered information upon request, and may use or disclose covered information for specific purposes outlined in the act.

The Tennessee Adult Protection Act, also known as the ‘Tennessee Adult Protection Act,’ is intended to safeguard adults from abuse, neglect, or exploitation. The act requires any person who has reason to believe that such cases exist to report them. The goal is to prevent further abuse, neglect, or exploitation through the protective services provided by the state. The act recognizes that protecting adults requires the collaboration of various agencies and service providers, as the risks faced by this group can be complex.

This part of the Tennessee Code governs programs and services for abused persons, specifically focusing on adult protection. The document defines ‘abuse or neglect’ as the infliction of physical pain, injury, or mental anguish, or the deprivation of necessary services by a caretaker. It also includes situations where an adult is unable to provide or obtain necessary services for their health or welfare. The document clarifies that reliance on spiritual means through prayer alone for treatment, in accordance with a recognized religious method of healing, does not constitute abuse or neglect.

This document outlines the regulatory requirements for currency transaction reporting for banks. It specifies that banks must electronically file a Currency Transaction Report (CTR) for each transaction in currency of more than $10,000. However, certain transactions involving exempt persons may be exempt from reporting. The document also requires banks to verify and record the identification information of individuals conducting transactions. It further explains the aggregation of currency transactions and provides guidance on determining when transactions conducted by separately incorporated businesses should be aggregated.

This document outlines the regulatory requirements for customer due diligence (CDD) in the banking sector. It emphasizes the importance of adopting risk-based CDD policies, procedures, and processes to understand the nature and purpose of customer relationships, particularly those presenting a higher risk for money laundering and terrorist financing. The document highlights the need for ongoing monitoring to identify and report suspicious transactions and maintain updated customer information, including beneficial ownership information for legal entity customers.

This document outlines the regulatory requirements for banks regarding the Customer Identification Program (CIP). The CIP is a written program that banks must have in place to verify the identity of their customers. The program must be appropriate for the bank’s size and type of business and must include certain minimum requirements. The CIP must include risk-based procedures for verifying the identity of each customer, taking into account factors such as the types of accounts maintained by the bank, the bank’s methods of opening accounts, and the types of identifying information available.

This document outlines the regulatory requirements for banks and individuals regarding the reporting of international shipments of currency or monetary instruments. It states that any person, including banks, who physically transports, mails, or ships currency or monetary instruments in an aggregate amount exceeding $10,000 at one time out of or into the United States must file a Report of International Transportation of Currency or Monetary Instruments (CMIR). The CMIR must be filed at the time of entry into or departure from the United States.

This document provides guidance on assessing compliance with BSA regulatory requirements for banks. In addition to the Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program requirements, banks must also comply with other program, reporting, and recordkeeping requirements, special information sharing procedures, and special standards of diligence, prohibitions, and special measures set forth in 31 CFR Chapter X Part 1020. The document emphasizes the need for written policies, procedures, processes, and practices that align with the bank’s unique money laundering, terrorist financing (ML/TF), and other illicit financial activity risk profile.