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Notice Effective Date of Rules, Debt Management Companies 01/30/2017

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Notice Effective Date of Rules for the

Tennessee Debt-Management Services Registration Program

Pursuant to Tenn. Code Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession.

The Tennessee Debt-Management Registration Program filed Proposed Rules with the Secretary of State on October 28, 2016, and these rules are effective as of January 26, 2017.

These additions, amendments, and/or deletions to the rules of the Tennessee Debt-Management Services Registration Program include:

- Rules 0780-08-01-.01 through 0780-08-01-.13 are transferred to 0780-05-18-.01 through 0780-05-18-.12 and 0780-05-18-.17 to move them under rules related to the Division of Regulatory Boards.

- New Rule 0780-05-18-.13 provides for a process to submit electronically scanned fingerprints instead of using fingerprint cards.

- New Rule 0780-05-18-.14 provides the calculation for an increase to the registration fee under the Uniform Debt-Management Services Act in accordance with inflationary adjustment based off of the consumer price index.

- New Rule 0780-05-18-.15 clarifies acceptable accreditation for the purposes of registration as a debt management services, as well as establishing the process for approving an independent accrediting organization to provide accreditation.

- New Rule 0780-05-18-.16 clarifies acceptable certification for the purposes of being a certified counselor and/or certified debt specialist, as well as establishing the process for approving an additional certifying organizations or training programs.

A full copy of these rules can be viewed online at http://share.tn.gov/sos/rules_filings/10-23-16.pdf.

If you have any questions or concerns about these proposed rules, please contact:

Elizabeth Goldstein

Assistant General Counsel

(615) 741-3072

Elizabeth.Goldstein@tn.gov

Dept. of Commerce & Insurance | 500 James Robertson Pkwy | Nashville, TN 37243-0565
(615) 741-2241
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