Amends TCA Title 47, Chapter 18, Part 1 and Title 56.

Present law generally requires businesses that make an automatic renewal offer or continuous service offer to a consumer in Tennessee to present the offer in a clear and conspicuous manner, obtain the consumer's affirmative consent to the offer, and provide an acknowledgement that includes terms, cancellation policy, and information regarding cancellation via a cost-effective, timely, and easy-to-use mechanism for cancellation. Present law exempts FDIC-insured banks, certain credit unions, insurance companies, utilities, and individuals and entities licensed by the department of financial institutions from the requirements for businesses that make an automatic renewal offer or continuous service offer to a consumer in Tennessee.<br /> <br /> Under this bill, persons and entities (and their affiliates) providing motor vehicle extended service contracts, road hazard contracts, dent removal contracts, or motor vehicle key fob replacement contracts will be exempt from the requirements for businesses that make an automatic renewal offer or continuous service offer to a consumer in Tennessee.<br /> <br /> This bill takes effect January 1, 2024.<br />