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TN HB0745

Bill

Status

Passed

4/30/2025

Primary Sponsor

Robert Stevens

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Garnishees must place a hold on a judgment debtor's available funds and determine if they possess the debtor's money or property within 2 business days of receiving a garnishment

  • Garnishees are solely responsible for furnishing copies of garnishment summons and notices to judgment debtors via first class mail or actual delivery, and must do so only after placing holds on funds

  • Allows recovery of reasonable attorney fees for breach of warranty claims on negotiable instruments if the warrantor fails to pay within 30 days of receiving written notice via certified mail or commercial courier

  • Amends multiple sections of Tennessee Code (Titles 26, 47) governing garnishment procedures and commercial paper warranty claims

  • Passed March 28, 2025 and approved by Governor Bill Lee on April 11, 2025, taking effect immediately

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 26; Title 45 and Title 47, relative to banking.

Banks and Financial Institutions

Last Action

Comp. became Pub. Ch. 174

4/30/2025

Committee Referrals

Calendar and Rules3/19/2025
Judiciary3/5/2025
Civil Justice Subcommittee2/26/2025
Judiciary2/6/2025

Full Bill Text

No bill text available