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.