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TN SB2150
TN SB2150AN ACT to amend Tennessee Code Annotated, Title 13 and Title 66, relative to property.
summary
Introduced
01/29/2024
01/29/2024
In Committee
Crossed Over
03/07/2024
03/07/2024
Passed
04/11/2024
04/11/2024
Dead
Signed/Enacted/Adopted
04/17/2024
04/17/2024
Introduced Session
113th General Assembly
Bill Summary
As enacted, makes changes to the law relative to homeowners' associations. - Amends TCA Title 13 and Title 66.
AI Summary
This bill amends Tennessee's laws related to homeowners' associations (HOAs). It defines "nonessential amenities" as features like pools, tennis courts, and clubhouses that are not necessary for the daily operation of the community. The bill requires a two-thirds majority vote of HOA members to levy a special assessment for a nonessential amenity, and the HOA must provide financing or a payment plan. Importantly, the HOA cannot foreclose on a property if the member fails to pay the special assessment for a nonessential amenity. The bill takes effect on July 1, 2024.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Effective date(s) 07/01/2024 (on 04/17/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2150&ga=113 |
| BillText | https://publications.tnsosfiles.com/acts/113/pub/pc0691.pdf |
| Amendment 1-0 to SB2150 | https://www.capitol.tn.gov/Bills/113/Amend/SA0575.pdf |
| Fiscal Memo for SA0575 (14107) | https://www.capitol.tn.gov/Bills/113/Fiscal/FM1692.pdf |
| Fiscal Note - HB2249 | https://www.capitol.tn.gov/Bills/113/Fiscal/HB2249.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/SB2150.pdf |
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