Tenn. Comp. R. & Regs. 0160-01-.15 - NON-RESIDENT AUCTIONEER

(1) Disciplinary sanctions against a non-resident licensee imposed by the licensee's home state or any other state shall be grounds for disciplinary action by the Commission in accordance with T.C.A. § 62-19-112 and these rules.

(2) Each application for a non-resident principal or public automobile auctioneer license shall be accompanied by documentation from a bank that includes the name and address of the bank, the account number of the non-resident principal or public automobile auctioneer's escrow account and the signature and title of the bank officer issuing the documentation. The documentation shall further include a statement authorizing the Tennessee Auctioneer Commission, or its agents, to audit the escrow account.

Notes

Tenn. Comp. R. & Regs. 0160-01-.15

Original rule filed April 16, 1992; effective May 31, 1992. Amendment filed February 28, 2001; effective May 14, 2001. Amendments filed April 13, 2020; effective 7/12/2020.

Authority: T.C.A. §§ 62-19-106, 62-19-112, and 62-19-117.