Statutes, codes, and regulations
Tennessee Administrative Code
Title 0180 - Financial Institutions
Chapter 0180-20 - Recovery of the Costs of Examination and Supervision of Certain Financial Institutions
Section 0180-20-.04 - PENALTIES FOR THE FAILURE TO TIMELY PAY SPECIAL ASSESSMENTS

Tenn. Comp. R. & Regs. 0180-20-.04

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Current through January 8, 2025
Section 0180-20-.04 - PENALTIES FOR THE FAILURE TO TIMELY PAY SPECIAL ASSESSMENTS

If a financial institution fails to pay a special assessment when due, the commissioner may, in addition to other remedies provided for under Title 45, levy a late payment penalty of up to five hundred dollars ($500) per day for each day the payment is overdue. All penalties and fines collected pursuant to this rule shall be used at the exclusive discretion of the commissioner in the administration of the department.

Tenn. Comp. R. & Regs. 0180-20-.04

Original rule filed November 30, 1992; effective March 1, 1993.

Authority: T.C.A. § 45-1-118; Public Chapter 628, Acts of 1992, Section 1.