Amends TCA Title 47.
Tennessee HB1342 amends provisions related to the filing and review of financing statements under the Uniform Commercial Code, specifically addressing situations where a public official is identified as a debtor. The bill establishes procedures for public officials to contest financing statements filed against them and outlines the responsibilities of both the filing office and secured parties during the review process. Key changes include requirements for the filing office to forward relevant documents to the administrative procedures division and stipulations for the secured party and public official to provide copies of determinations made by an administrative judge.
Tennessee HB1342 amends provisions related to the filing and review of financing statements under the Uniform Commercial Code, specifically addressing situations where a public official is identified as a debtor. The bill establishes procedures for public officials to contest financing statements filed against them and outlines the responsibilities of both the filing office and secured parties during the review process. Key changes include requirements for the filing office to forward relevant documents to the administrative procedures division and stipulations for the secured party and public official to provide copies of determinations made by an administrative judge.
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