Purpose
The Credit Services Businesses Act was created in 1988 to regulate credit service businesses in the State of Tennessee. The current requirements for registration can be found in Tennessee Code Annotated, Title 47, Chapter 18, Part 10.
The Debt Management Provider registration program was created as part of the Uniform Debt-Management Services Act in 2009 to regulate businesses providing debt management services the State of Tennessee. The current requirements for registration can be found in Tennessee Code Annotated, Title 47, Chapter 18, Part 55.
Mission
The mission of the Credit Services Registration program is to protect the public health, safety and welfare through the regulation of credit service businesses.
The mission of the Debt Management Provider Registration program is to protect the public health, safety and welfare through the regulation of debt management businesses.