TN ST T. 47,
Part 10.
Credit Services Businesses
§ 47-18-1001. Short
title
This part shall be known and may be cited as the "Tennessee
Credit Services Businesses Act."
§ 47-18-1002.
Definitions
As used in this part, unless the context otherwise requires:
(1) "Attorney general" means the office of the attorney
general and reporter;
(2) "Consumer" means any individual who is solicited to
purchase or who purchases the services of a credit services business;
(3)(A) "Consumer
report" means any written, oral, or other communication of any information
by a consumer reporting agency bearing on a consumer's credit worthiness,
credit standing, credit capacity, character, general reputation, personal
characteristics, or mode of living, which is furnished or is used or expected
to be used or collected in whole or in part for the purpose of serving as a
factor in establishing the consumer's eligibility for:
(i) Credit or insurance to be used primarily for personal, family, or household purposes;
(ii) Employment purposes; or
(iii) Other purposes which
shall be limited to the following circumstances:
(a) In response to the
order of a court having jurisdiction to issue the order;
(b) In accordance with
the written instructions of the consumer to whom the report relates; or
(c) To a person which
the agency has reason to believe:
(1) Intends to use the information in connection with a
credit transaction involving the consumer on whom the information is to be
furnished and involving the extension of credit to or review or collection of
an account of, the consumer;
(2) Intends to use the information for employment purposes;
(3) Intends to use the information in connection with the
underwriting of insurance involving the consumer;
(4) Intends to use the information in connection with a
determination of the consumer's eligibility for a license or other benefit
granted by a governmental instrumentality required by law to consider an
applicant's financial responsibility or status; or
(5)
Otherwise has a legitimate business need for the information in connection with
a business transaction involving the consumer.
(B) "Consumer report"
does not include:
(i) Any report containing information
solely as to transactions or experiences between the consumer and the person
making the report;