# Tenn. Code Ann. § 45-15-102: Purpose

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-102

## Section

- **Citation:** Tenn. Code Ann. § 45-15-102
- **Heading:** Purpose
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 15 / Section 45-15-102

## Text

The making of title pledge loans vitally affects the general economy of this state and the public interest and welfare of its citizens. It is the policy of this state and the purpose of this chapter to: (1) Ensure a sound system of making title pledge loans through statewide licensing of title pledge lenders by the department of financial institutions; (2) Establish licensing requirements; (3) Provide for the examination and regulation of title pledge lenders by the department of financial institutions; and (4) Ensure financial responsibility to the public. Acts 1995, ch. 186, § 13; 2005, ch. 440, § 1.
The making of title pledge loans vitally affects the general economy of this state and the public interest and welfare of its citizens. It is the policy of this state and the purpose of this chapter to:
(1) Ensure a sound system of making title pledge loans through statewide licensing of title pledge lenders by the department of financial institutions;
(2) Establish licensing requirements;
(3) Provide for the examination and regulation of title pledge lenders by the department of financial institutions; and
(4) Ensure financial responsibility to the public.
Acts 1995, ch. 186, § 13; 2005, ch. 440, § 1.

## Nearby sections

- [Tenn. Code Ann. § 45-15-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-101.md)
- [Tenn. Code Ann. § 45-15-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-102.md)
- [Tenn. Code Ann. § 45-15-103 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-103.md)
- [Tenn. Code Ann. § 45-15-104 Authority of licensed title pledge lenders](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-104.md)
- [Tenn. Code Ann. § 45-15-105 License required - Loans made without license void](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-105.md)
- [Tenn. Code Ann. § 45-15-106 Eligibility requirements for license - Application - Fees - Issuance or denial of license - Hearing on denial - Renewal - Change in control of lender](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-106.md)
- [Tenn. Code Ann. § 45-15-107 Suspension or revocation of license](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-107.md)
- [Tenn. Code Ann. § 45-15-108 Rules and regulations - Compliance examinations - Preservation of books and records - Reproduction and preservation of records - Report by commissioner on rates and terms of loans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-108.md)
- [Tenn. Code Ann. § 45-15-109 Notification to commissioner of changes - Events requiring report to commissioner - Biennial reports](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-109.md)
- [Tenn. Code Ann. § 45-15-110 Record of transactions required - Required information printed on agreement - Execution of agreement - Liens](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-110.md)
- [Tenn. Code Ann. § 45-15-111 Rate of interest and charges - Consumer notification and disclosure form](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-111.md)
- [Tenn. Code Ann. § 45-15-112 Right to redeem](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-112.md)
- [Tenn. Code Ann. § 45-15-113 Thirty-day agreements - Renewal of agreements - Right to cancel - Fees and requirements for renewals](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-113.md)
- [Tenn. Code Ann. § 45-15-114 Twenty-day holding period - Procedure for redemption or failure to redeem - Loss of agreement by pledgor](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C15_S45-15-102. Check the current official text before relying on it. Not legal advice.