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TN HB1355
TN HB1355AN ACT to amend Tennessee Code Annotated, Title 35, relative to foreclosure sales.
summary
Introduced
01/31/2023
01/31/2023
In Committee
02/14/2023
02/14/2023
Crossed Over
Passed
Dead
04/25/2024
04/25/2024
Introduced Session
113th General Assembly
Bill Summary
As introduced, updates requirements regarding public notice for a foreclosure sale of real property, including a requirement that public notice be posted on the secretary of state's website. - Amends TCA Title 35.
AI Summary
This bill amends Tennessee's foreclosure laws to update the requirements for providing public notice of a foreclosure sale. The key provisions are:
1. Public notice must be posted on the Tennessee Secretary of State's website for at least 20 continuous days, in addition to being published in a local newspaper. After January 1, 2025, public notice can be satisfied by posting on the Secretary of State's website alone, unless the relevant legal instrument governing the foreclosure specifies additional requirements.
2. The foreclosing party must send a copy of the public notice to the debtor and any co-debtor by registered or certified mail.
3. The bill outlines procedures for postponing or adjourning a foreclosure sale, including requirements to post notice of the new sale date on the Secretary of State's website and to mail notice to the debtor and co-debtor.
4. The bill also makes some technical changes to the content and formatting requirements for the public notice.
Overall, the bill aims to modernize Tennessee's foreclosure notice requirements by leveraging the Secretary of State's website to provide more accessible and widespread public notice of foreclosure sales.
Committee Categories
Justice
Sponsors (3)
Last Action
Returned to the Clerk's Desk. (on 04/05/2023)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
- ‐ Secondary Mortgages and Foreclosures
bill text
bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1355&ga=113 | 01/31/2023 |
| Fiscal Note - HB1355 | https://www.capitol.tn.gov/Bills/113/Fiscal/HB1355.pdf | 02/09/2023 |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/HB1355.pdf | 01/31/2023 |
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