(a) A person who knowingly and willfully violates this chapter or any order or rule issued pursuant to this chapter for which a penalty is not specifically provided commits a Class C misdemeanor; provided, that each day the violation occurs constitutes a separate offense.
Attorney's Note
Under the Tennessee Code, punishments for crimes depend on the classification. In the case of this section:
Class | Prison | Fine |
---|
class C misdemeanor | up to 30 days | up to $50 |
class E felony | 1 to 6 years | up to $3,000 |
For details, see
Tenn. Code § 40-35-111
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Terms Used In Tennessee Code 45-7-142
- Commissioner: means the commissioner of financial institutions. See Tennessee Code 45-7-103
- Licensee: means a person licensed under this chapter. See Tennessee Code 45-7-103
- Person: means any individual, general partnership, limited partnership, limited liability company, corporation, trust, association, joint stock corporation, or other corporate entity identified by the commissioner. See Tennessee Code 45-7-103
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
- Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) A person who knowingly and willfully makes a material, false statement in any document filed or required to be filed under this chapter with the intent to deceive the recipient of the document commits a Class E felony.
(c) A person who knowingly and willfully fails to file a document required to be filed under this chapter commits a Class E felony.
(d) A person who carries on an unauthorized money transmitter business commits a Class E felony.
(e) A person who obstructs or endeavors to obstruct a lawful examination of a licensee or agent commits a Class E felony.
(f) The commissioner shall submit to the district attorneys general for the respective counties of the state any criminal violation of this chapter known by the commissioner to have occurred in the county. The commissioner shall also report the violation to the appropriate division of the Tennessee bureau of investigation. The commissioner may provide the information to the attorney general and reporter, the appropriate federal authorities, or both, as the commissioner deems proper. Confidential information that is communicated by the commissioner pursuant to this section remains confidential in the hands of the agency to which the information is reported, and does not become a matter of public record by virtue of this communication.