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TN SB1069

TN SB1069
AN ACT to amend Tennessee Code Annotated, Title 55, Chapter 17 and Title 62, Chapter 19, relative to auctions of motor vehicles.


summary

Introduced
02/05/2025
In Committee
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
114th General Assembly

Bill Summary

As enacted, provides that a motor vehicle dealer license is not required to sell or purchase certain antique vehicles or unique motor vehicles through an auction being held at a venue with a permanent seating capacity of at least 20,000 located in Wilson County, the auction operator conducts no more than one auction in this state per year, the action offers no less than 400 vehicles and no more than 2,000 vehicles for any one auction, and the operator has a minimum net worth of $25 million. - Amends TCA Title 55, Chapter 17 and Title 62, Chapter 19.

AI Summary

This bill amends Tennessee law to allow auctioneers to send prior written notifications about motor vehicle auctions (specifically for going-out-of-business sales) electronically to the motor vehicle commission, instead of requiring only physical written notifications. The change is relatively simple, modifying existing legal language to add the phrase "which may be sent electronically" to the current statute. By permitting electronic notification, the bill provides auctioneers with a more convenient and potentially faster method of communicating auction details to the motor vehicle commission. The bill would take effect immediately upon becoming law, as stated in Section 2, which emphasizes that the public welfare requires its prompt implementation. This modification represents a minor but practical update to Tennessee's auction regulations, reflecting the increasingly digital nature of business communications.

Committee Categories

Agriculture and Natural Resources, Budget and Finance, Transportation and Infrastructure

Sponsors (2)

Last Action

Sponsor(s) Added. (on 02/02/2026)

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