Part 1 Tax Return Preparer Act of 1969 62-29-101 – 62-29-106
Part 2 Refund Anticipation Loans 62-29-201 – 62-29-205

Terms Used In Tennessee Code > Title 62 > Chapter 29 - Tax Returns and Refunds

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Applicant: means a customer who applies for a refund anticipation loan through a facilitator. See Tennessee Code 62-29-201
  • Borrower: means an applicant who receives a refund anticipation loan through a facilitator. See Tennessee Code 62-29-201
  • Customer: means an individual for whom tax preparation services are performed. See Tennessee Code 62-29-201
  • Facilitator: means a person who receives or accepts for delivery an application for a refund anticipation loan, delivers a check in payment of refund anticipation loan proceeds or in any other manner acts to allow the making of a refund anticipation loan. See Tennessee Code 62-29-201
  • Fraud: Intentional deception resulting in injury to another.
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes the singular and the plural and means and includes any individual, firm, partnership, copartnership, association, corporation, governmental subdivision or agency, or other organization or other legal entity, or any agent or servant thereof. See Tennessee Code 39-11-106
  • Person: means a natural person, corporation, association, partnership or any organized group of persons. See Tennessee Code 62-29-102
  • Person: means an individual, a firm, a proprietorship, an association, a corporation or another entity. See Tennessee Code 62-29-201
  • Preparer of tax returns: means a person who, in consideration of compensation received or to be received by the person, offers to perform or holds that person out to perform services for residents or taxpayers of this state that involve advice concerning the preparation of returns required under state law, except the tax on income. See Tennessee Code 62-29-102
  • Refund anticipation loan: means a loan, whether provided through a facilitator or by another entity such as a financial institution, in anticipation of and whose payment is secured by a customer's federal or state income tax refund, or by both. See Tennessee Code 62-29-201
  • Refund anticipation loan fee: means any fee, charge or other consideration imposed by a lender or a facilitator for a refund anticipation loan. See Tennessee Code 62-29-201
  • Tax return: means a return, declaration, statement, refund claim or other document required to be made or filed in connection with state or federal income taxes. See Tennessee Code 62-29-201
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105