House Bill 417, also known as Senate Bill 410, amends specific provisions of the Tennessee Code Annotated related to money transmission. The bill modifies the deadlines for certain requirements by changing the date from "November 1" to "October 15" in two sections: Section 45-7-116(a)(2) and Section 45-7-116(b).
The changes aim to streamline the timeline for compliance with money transmission regulations in Tennessee. The bill is set to take effect immediately upon becoming law, emphasizing the importance of the adjustments for public welfare.
Statutes affected: Introduced: 45-7-116(a)(2), 45-7-116, 45-7-116(b)