# Tenn. Code Ann. § 45-7-110: License required

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-110

## Section

- **Citation:** Tenn. Code Ann. § 45-7-110
- **Heading:** License required
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 45 / Chapter 7 / Section 45-7-110

## Text

(a) A person shall not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission, unless the person is licensed under this chapter. (b) Subsection (a) does not apply to: (1) A person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or (2) A person that is exempt pursuant to § 45-7-104 and does not engage in money transmission outside the scope of such exemption. (c) A license issued under § 45-7-115 is not transferable or assignable. Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. Acts 1994, ch. 715, § 1; T.C.A., § 45-7-210 .
(a) A person shall not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission, unless the person is licensed under this chapter.
(b) Subsection (a) does not apply to: (1) A person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or (2) A person that is exempt pursuant to § 45-7-104 and does not engage in money transmission outside the scope of such exemption.
(1) A person that is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or
(2) A person that is exempt pursuant to § 45-7-104 and does not engage in money transmission outside the scope of such exemption.
(c) A license issued under § 45-7-115 is not transferable or assignable.
Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024.
Acts 1994, ch. 715, § 1; T.C.A., § 45-7-210 .

## Nearby sections

- [Tenn. Code Ann. § 45-7-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-101.md)
- [Tenn. Code Ann. § 45-7-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-102.md)
- [Tenn. Code Ann. § 45-7-103 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-103.md)
- [Tenn. Code Ann. § 45-7-104 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-104.md)
- [Tenn. Code Ann. § 45-7-105 Authority to require demonstration of exemption](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-105.md)
- [Tenn. Code Ann. § 45-7-106 Implementation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-106.md)
- [Tenn. Code Ann. § 45-7-107 Examinations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-107.md)
- [Tenn. Code Ann. § 45-7-108 Confidentiality](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-108.md)
- [Tenn. Code Ann. § 45-7-109 Networked supervision](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-109.md)
- [Tenn. Code Ann. § 45-7-110 License required](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-110.md)
- [Tenn. Code Ann. § 45-7-111 Consistent state licensing](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-111.md)
- [Tenn. Code Ann. § 45-7-112 Nationwide multistate licensing system and registry](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-112.md)
- [Tenn. Code Ann. § 45-7-113 Application for license](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-113.md)
- [Tenn. Code Ann. § 45-7-114 Information requirements for certain individuals](https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T45_C7_S45-7-110. Check the current official text before relying on it. Not legal advice.