Bill > SB0216

This bill amends Tennessee law regarding deed fraud by increasing the maximum fine that can be imposed by a jury from $3,000 to $4,000 for individuals who transfer land through a general warranty deed while knowingly having outstanding liens, mortgages, deeds of trust, or other claims against the transferred property, and doing so with fraudulent intent. This specific offense is classified as a Class E felony, which carries potential imprisonment as defined in Tennessee's sentencing guidelines. The bill updates Tennessee Code Annotated, Section 66-3-104, to reflect this increased maximum fine, and will take effect immediately upon becoming law. The purpose of this amendment appears to be to provide a stronger financial deterrent against intentional deed fraud, which can cause significant complications and potential financial harm to property buyers.