Bill > HB0196

This bill amends Tennessee law regarding deed fraud by updating the maximum fine a jury can impose when someone transfers land through a general warranty deed while knowingly having outstanding liens or claims against the property. Specifically, the bill increases the maximum fine from $3,000 to $4,000 for individuals who transfer land by general warranty deed with knowledge of existing liens and with the intent to defraud. Such an action is classified as a Class E felony, which carries potential imprisonment as defined in Tennessee's criminal sentencing guidelines. The bill aims to strengthen legal protections against fraudulent property transfers by increasing the potential financial penalty for such actions. The amendment to Tennessee Code Annotated, Section 66-3-104, will take effect immediately upon becoming law, as determined by the Tennessee General Assembly.