Consumer Protection - As introduced, extends from five to 10 business days the period during which a financial service provider may refuse or delay financial transactions not involving securities due to suspected financial exploitation. - Amends TCA Title 45 and Title 47.
P2C, caption bill, held on desk - pending amdt.
Summary
The bill amends Tennessee law so a financial service provider can refuse or delay a non‑securities transaction for up to ten business days when it suspects financial exploitation, instead of the current five‑day limit. It updates the code in Title 45 and Title 47 and becomes effective immediately upon enactment. This gives providers more time to investigate possible abuse of vulnerable consumers.
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