Senate Bill 64 amends the Tennessee Code Annotated concerning the department of financial institutions. Specifically, it removes subdivision (17) from Section 4-29-246(a) and adds a new subdivision to Section 4-29-250(a) that formally recognizes the department of financial institutions, as established by Sections 4-3-101 and 4-3-401.

The bill is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare. These amendments aim to clarify the legal framework surrounding the department of financial institutions in Tennessee.

Statutes affected:
Introduced: 4-29-246(a), 4-29-246, 4-29-250(a), 4-29-250