SUBSTITUTE ORDINANCE NO. BL2016-379

An ordinance amending Title 17 of the Metropolitan Code pertaining to financial institutions and alternative financial services (Proposal No. 2016Z-015TX-01).

BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. That Section 17.04.060 of Title 17 of the Code of The Metropolitan Government of Nashville and Davidson County, Zoning Regulations, is hereby amended by deleting the definition of "Financial Institution" and replacing with following definition:

"Financial institution" means any building, room, space or portion thereof where an establishment provides a variety of financial services and is a state or federally chartered bank, savings and loan association, or credit union, a mortgage company, or other financial institution whose services are insured by an agency of the United States government, but excluding alternative financial services.

Section 2. That Section 17.04.060 ofTitle 17 of the Code of The Metropolitan Government of Nashville and Davidson County, Zoning Regulations, is hereby amended by adding the following terms and definitions:

"Alternative financial services" means any building, room, space or portion thereof where an establishment provides a variety of financial services, including but not limited to cash advance, title loans, check cashing, pawnshops and flex loans, and such establishment is not a state or federally chartered bank, savings and loan association, or credit union, a mortgage company, or other financial institution whose services are insured by an agency of the United States government.

Section 3. Be it further enacted, that this ordinance take effect immediately after its passage and such change be published in a newspaper of general circulation,. the welfare of The Metropolitan Government ofNashville and Davidson County requiring it.

Sponsored by: Jeff Syracuse

LEGISLATIVE HISTORY
Introduced:	August 16, 2016
Passed First Reading:	August 16, 2016
Referred to:	Planning Commission - Approved with Substitute (7-0) Planning, Zoning, & Historical Committee
Public Hearing Scheduled For:	October 4, 2016
Substitute Introduced:	October 4, 2016
Passed Second Reading:	October 4, 2016
Passed Third Reading:	October 18, 2016
Approved:	October 19, 2016
By:
Effective:	October 21, 2016