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TN HB0745
Bill
Status
4/30/2025
Primary Sponsor
Robert Stevens
Click for details
AI Summary
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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
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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
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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
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Amends multiple sections of Tennessee Code (Titles 26, 47) governing garnishment procedures and commercial paper warranty claims
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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