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Bill > SB1985
TN SB1985
TN SB1985AN ACT to amend Tennessee Code Annotated, Title 8; Title 23; Title 39; Title 45; Title 47, Chapter 18; Title 56; Title 62 and Title 66, relative to real property.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, enacts the "Tennessee Real Estate Consumer Fraud Protection Act." - Amends TCA Title 8; Title 23; Title 39; Title 45; Title 47, Chapter 18; Title 56; Title 62 and Title 66.
AI Summary
This bill, known as the "Tennessee Real Estate Consumer Fraud Protection Act," enacts several provisions aimed at protecting consumers in real estate transactions. It requires foreign title insurance companies to maintain an office in Tennessee as long as they have outstanding liabilities in the state, and mandates that the cost of title insurance premiums be split equally between the buyer and seller. For real estate contracts involving non-residents, the bill requires the designation of an in-state agent to receive legal service of process on behalf of the purchaser. Furthermore, starting July 1, 2026, deeds for real property conveyances will only be recorded if prepared by a licensed Tennessee attorney, who must include their professional identification number, with deeds not prepared by an attorney after this date potentially being declared void.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026 (on 02/24/2026)
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=SB1985&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1985.pdf |
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