Amends TCA Title 47 and Title 66.
Tennessee HB0781 amends the Tennessee Code Annotated to define and regulate the practice of wholesaling real property, allowing buyers who enter into contracts to purchase real estate to assign their equitable interest to subsequent purchasers for a profit. The bill requires buyers to disclose specific information to potential buyers and sellers, including the nature of their equitable interest and their intent to market it, with disclosures mandated to be in bold, large font. Additionally, it establishes a two-year statute of limitations for actions arising from violations of these provisions.
Tennessee HB0781 amends the Tennessee Code Annotated to define and regulate the practice of wholesaling real property, allowing buyers who enter into contracts to purchase real estate to assign their equitable interest to subsequent purchasers for a profit. The bill requires buyers to disclose specific information to potential buyers and sellers, including the nature of their equitable interest and their intent to market it, with disclosures mandated to be in bold, large font. Additionally, it establishes a two-year statute of limitations for actions arising from violations of these provisions.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records