{"data":{"id":"us-tn/tenn.-code-ann.-62-20-114","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 62-20-114","heading":"Requirements of collection service licensees","body":"Each collection service licensee shall:\n(1) Keep and retain for a period of three (3) years accurate individual records of collections, including the amount and date of payment and the names of the debtor and creditor;\n(2) Issue, upon request, individual collection receipts, showing the amount and date of payment, names of the debtor and creditor and the balance, if any, remaining unpaid;\n(3) Maintain a separate fiduciary or trust bank account with sufficient funds at all times to disburse amounts due all clients; and\n(4) Maintain records and books reflecting the true condition of bank accounts at the end of each calendar month.","path":["TN Code","Title 62","Chapter 20"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"6201ff7f77af25927ad3a7a72c95555e1922e1dc55a0809847142eff8dea10ef","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-62-20-113","next":"us-tn/tenn.-code-ann.-62-20-115"},"notice":"GroundRules: Original legal text. Not legal advice."}