# Tenn. Code Ann. § 45-20-110: Restrictions on local regulation

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-110

## Section

- **Citation:** Tenn. Code Ann. § 45-20-110
- **Heading:** Restrictions on local regulation
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 20 / Section 45-20-110

## Text

All counties, municipalities, or political subdivisions of this state are prohibited from enacting and enforcing ordinances, resolutions, and rules regulating financial and lending activities, including ordinances, resolutions, and rules disqualifying persons from doing business with a city, county, or municipality based upon lending practices, interest rates or imposing reporting requirements or any other obligations upon persons regarding financial services or lending practices of persons or entities, and any subsidiaries or affiliates thereof, who: (1) Are subject to the jurisdiction of the department of financial institutions, including activities subject to this chapter; (2) Are subject to the jurisdiction of the office of thrift supervision, the office of the comptroller of the currency, the national credit union administration, the federal deposit insurance corporation, the federal trade commission, or the United States department of housing and urban development; (3) Originate, purchase, sell, buy, secure, or service property interests or obligations created by financial transactions or loans made, executed, or originated by persons referred to in subdivision (1) or (2) to assist or facilitate the transactions; or (4) Are chartered by the United States congress to engage in secondary market mortgage transactions. Acts 2006, ch. 801, § 12.
All counties, municipalities, or political subdivisions of this state are prohibited from enacting and enforcing ordinances, resolutions, and rules regulating financial and lending activities, including ordinances, resolutions, and rules disqualifying persons from doing business with a city, county, or municipality based upon lending practices, interest rates or imposing reporting requirements or any other obligations upon persons regarding financial services or lending practices of persons or entities, and any subsidiaries or affiliates thereof, who:
(1) Are subject to the jurisdiction of the department of financial institutions, including activities subject to this chapter;
(2) Are subject to the jurisdiction of the office of thrift supervision, the office of the comptroller of the currency, the national credit union administration, the federal deposit insurance corporation, the federal trade commission, or the United States department of housing and urban development;
(3) Originate, purchase, sell, buy, secure, or service property interests or obligations created by financial transactions or loans made, executed, or originated by persons referred to in subdivision (1) or (2) to assist or facilitate the transactions; or
(4) Are chartered by the United States congress to engage in secondary market mortgage transactions.
Acts 2006, ch. 801, § 12.

## Nearby sections

- [Tenn. Code Ann. § 45-20-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-101.md)
- [Tenn. Code Ann. § 45-20-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-102.md)
- [Tenn. Code Ann. § 45-20-103 Prohibited acts and practices](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-103.md)
- [Tenn. Code Ann. § 45-20-104 Cure of default - Foreclosure](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-104.md)
- [Tenn. Code Ann. § 45-20-105 Purchaser or assignee of loan subject to all claims and defenses of the borrower - Relief granted - Due diligence](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-105.md)
- [Tenn. Code Ann. § 45-20-106 Actions prohibited to avoid application or provisions of chapter - Open-end credit plan](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-106.md)
- [Tenn. Code Ann. § 45-20-107 Penalties - Punitive damages - Remedies - Limitations - Frivolous or harassment actions - Notice of action](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-107.md)
- [Tenn. Code Ann. § 45-20-108 Compliance failure](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-108.md)
- [Tenn. Code Ann. § 45-20-109 Commissioner's powers - Rules and regulations - Examinations and investigations - Injunctions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-109.md)
- [Tenn. Code Ann. § 45-20-110 Restrictions on local regulation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-110.md)
- [Tenn. Code Ann. § 45-20-111 Application](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-111.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C20_S45-20-110. Check the current official text before relying on it. Not legal advice.