TN HB0781

Defines "equitable interest" as a buyer's right to benefit or profit from real property after entering a purchase contract but before legal title transfers

Establishes that "wholesaling" occurs when a buyer assigns their equitable interest in property to a subsequent purchaser for a higher price than originally contracted

Requires wholesalers to disclose in writing to subsequent purchasers the nature of their equitable interest, and to notify the original seller of intent to market the equitable interest before contract execution

Mandates sellers receive at least 3 business days' notice before any assignment takes effect, with all disclosures in bold, large font print within written agreements

Sets a 2-year statute of limitations for legal actions related to violations, effective upon becoming law (signed March 25, 2025)