Tenn. Code Ann. § 45-7-102: Purpose

It is the purpose of this chapter to:

(1) Promote coordination among the states in all areas of regulation, licensing, and supervision to reduce regulatory burden and more effectively utilize regulator resources;

(2) Protect the public from financial crime;

(3) Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

(4) Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.