# Tenn. Code Ann. § 47-18-5509: Issuance or denial of certificate of registration > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-5509 ## Section - **Citation:** Tenn. Code Ann. § 47-18-5509 - **Heading:** Issuance or denial of certificate of registration - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 47 / Chapter 18 / Section 47-18-5509 ## Text (a) Except as otherwise provided in subsections (c) and (d), the administrator shall issue a certificate of registration as a provider to a person that complies with §§ 47-18-5505 and 47-18-5506 . (b) If an applicant has otherwise complied with §§ 47-18-5505 and 47-18-5506 , including a timely effort to obtain the information required by § 47-18-5506(14) , but the information has not been received, the administrator may issue a temporary certificate of registration. The temporary certificate shall expire no later than one hundred eighty (180) days after issuance. (c) The administrator may deny registration if: (1) The application contains information that is materially erroneous or incomplete; (2) An officer, director, or owner of the applicant has been convicted of a crime or suffered a civil judgment involving dishonesty, or the violation of state or federal securities laws; (3) The applicant or any of its officers, directors, or owners has defaulted in the payment of money collected for others; (4) The application is not accompanied by the fee established by the administrator; (5) The administrator finds that the financial responsibility, experience, character, or general fitness of the applicant or its owners, directors, employees, or agents does not warrant belief that the business will be operated in compliance with this part; (6) The applicant or any of its officers, directors, or owners has violated this part or any rule promulgated pursuant to this part; or (7) The applicant or any of its officers, directors, or owners has engaged in any act or violation for which the administrator could suspend or revoke a registration under this part. (d) The administrator shall deny registration if, with respect to an applicant that is organized as a not-for-profit entity or has obtained tax-exempt status under the Internal Revenue Code, 26 U.S.C. § 501 , the applicant's board of directors is not independent of the applicant's employees and agents. (e) Subject to adjustment of the dollar amount pursuant to § 47-18-5532(f) , a board of directors is not independent for purposes of subsection (d) if more than one-fourth (¼) of its members: (1) Are affiliates of the applicant, as defined in § 47-18-5502(2)(A) or § 47-18-5502(2)(B)(i), (ii), (iv), (v), (vi) or (vii) ; or (2) After the date ten (10) years before first becoming a director of the applicant, were employed by or directors of a person that received from the applicant more than twenty-five thousand dollars ($25,000) in either the current year or the preceding year. Amended by 2015 Tenn. Acts, ch. 339, s 25, eff. 7/1/2015. Acts 2009 , ch. 469, § 1. (a) Except as otherwise provided in subsections (c) and (d), the administrator shall issue a certificate of registration as a provider to a person that complies with §§ 47-18-5505 and 47-18-5506 . (b) If an applicant has otherwise complied with §§ 47-18-5505 and 47-18-5506 , including a timely effort to obtain the information required by § 47-18-5506(14) , but the information has not been received, the administrator may issue a temporary certificate of registration. The temporary certificate shall expire no later than one hundred eighty (180) days after issuance. 47-18-5505 and 47-18-5506 . (b) If an applicant has otherwise complied with §§ 47-18-5505 and 47-18-5506 , including a timely effort to obtain the information required by § 47-18-5506(14) , but the information has not been received, the administrator may issue a temporary certificate of registration. The temporary certificate shall expire no later than one hundred eighty (180) days after issuance. (c) The administrator may deny registration if: (1) The application contains information that is materially erroneous or incomplete; (2) An officer, director, or owner of the applicant has been convicted of a crime or suffered a civil judgment involving dishonesty, or the violation of state or federal securities laws; (3) The applicant or any of its officers, directors, or owners has defaulted in the payment of money collected for others; (4) The application is not accompanied by the fee established by the administrator; (5) The administrator finds that the financial responsibility, experience, character, or general fitness of the applicant or its owners, directors, employees, or agents does not warrant belief that the business will be operated in compliance with this part; (6) The applicant or any of its officers, directors, or owners has violated this part or any rule promulgated pursuant to this part; or (7) The applicant or any of its officers, directors, or owners has engaged in any act or violation for which the administrator could suspend or revoke a registration under this part. (1) The application contains information that is materially erroneous or incomplete; (2) An officer, director, or owner of the applicant has been convicted of a crime or suffered a civil judgment involving dishonesty, or the violation of state or federal securities laws; (3) The applicant or any of its officers, directors, or owners has defaulted in the payment of money collected for others; (4) The application is not accompanied by the fee established by the administrator; (5) The administrator finds that the financial responsibility, experience, character, or general fitness of the applicant or its owners, directors, employees, or agents does not warrant belief that the business will be operated in compliance with this part; (6) The applicant or any of its officers, directors, or owners has violated this part or any rule promulgated pursuant to this part; or (7) The applicant or any of its officers, directors, or owners has engaged in any act or violation for which the administrator could suspend or revoke a registration under this part. (d) The administrator shall deny registration if, with respect to an applicant that is organized as a not-for-profit entity or has obtained tax-exempt status under the Internal Revenue Code, 26 U.S.C. § 501 , the applicant's board of directors is not independent of the applicant's employees and agents. (e) Subject to adjustment of the dollar amount pursuant to § 47-18-5532(f) , a board of directors is not independent for purposes of subsection (d) if more than one-fourth (¼) of its members: (1) Are affiliates of the applicant, as defined in § 47-18-5502(2)(A) or § 47-18-5502(2)(B)(i), (ii), (iv), (v), (vi) or (vii) ; or (2) After the date ten (10) years before first becoming a director of the applicant, were employed by or directors of a person that received from the applicant more than twenty-five thousand dollars ($25,000) in either the current year or the preceding year. (1) Are affiliates of the applicant, as defined in § 47-18-5502(2)(A) or § 47-18-5502(2)(B)(i), (ii), (iv), (v), (vi) or (vii) ; or (2) After the date ten (10) years before first becoming a director of the applicant, were employed by or directors of a person that received from the applicant more than twenty-five thousand dollars ($25,000) in either the current year or the preceding year. Amended by 2015 Tenn. Acts, ch. 339, s 25, eff. 7/1/2015. Acts 2009 , ch. 469, § 1. ## Nearby sections - [Tenn. Code Ann. § 47-18-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-101.md) - [Tenn. Code Ann. § 47-18-102 Purposes](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-102.md) - [Tenn. Code Ann. § 47-18-103 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-103.md) - [Tenn. Code Ann. § 47-18-104 Unfair or deceptive acts prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-104.md) - [Tenn. Code Ann. § 47-18-106 Investigations - Requests for information - Penalties for noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-106.md) - [Tenn. Code Ann. § 47-18-107 Assurance of voluntary compliance - Penalty for violation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-107.md) - [Tenn. Code Ann. § 47-18-108 Restraining orders or injunctions - Penalty for violation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-108.md) - [Tenn. Code Ann. § 47-18-109 Private right of action - Damages - Notice to attorney general](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-109.md) - [Tenn. Code Ann. § 47-18-110 Limitations of actions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-110.md) - [Tenn. Code Ann. § 47-18-111 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-111.md) - [Tenn. Code Ann. § 47-18-112 Supplementary law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-112.md) - [Tenn. Code Ann. § 47-18-113 Waiver of rights - Restrictions on jurisdiction or venue prohibited](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-113.md) - [Tenn. Code Ann. § 47-18-114 Powers of attorney general](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-114.md) - [Tenn. Code Ann. § 47-18-115 Construction](https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-115.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T47_C18_S47-18-5509. Check the current official text before relying on it. Not legal advice.