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TN HB1342

Bill

Status

Passed

4/30/2025

Primary Sponsor

William Lamberth

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Filing offices must forward petitions for review of UCC financing statements to the administrative procedures division of the Secretary of State within 3 business days of receipt, along with the petition, financing statement, notarized public official affidavit, and hearing request

  • Secured parties must provide a copy of administrative law judge determinations to the filing office when rulings are made in their favor

  • Public officials who filed affidavits must provide copies of adverse administrative law judge determinations to the filing office

  • Secured parties seeking judicial review of an administrative law judge's determination must provide a copy of their petition for judicial review to the filing office within 7 days of filing

  • Took effect immediately upon becoming law on April 11, 2025, citing public welfare necessity

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 47, relative to Uniform Commercial Code financing statement filings.

Uniform Commercial Code

Last Action

Comp. became Pub. Ch. 171

4/30/2025

Committee Referrals

Calendar and Rules3/26/2025
Judiciary3/5/2025
Commerce2/26/2025
Banking & Consumer Affairs Subcommittee2/19/2025
Commerce2/12/2025

Full Bill Text

No bill text available