Amends TCA Title 66.
Tennessee HB2495 amends Title 66 of the Tennessee Code Annotated by increasing the minimum notice period a buyer must provide to a seller regarding the effective date of an assignment of the buyer's interest in wholesaling real property from three to five business days. This change affects buyers and sellers involved in real estate transactions, specifically those engaged in wholesaling. The key provision of the bill is the extension of the notice period, which aims to provide sellers with more time to prepare for the assignment of interest.
Tennessee HB2495 amends Title 66 of the Tennessee Code Annotated by increasing the minimum notice period a buyer must provide to a seller regarding the effective date of an assignment of the buyer's interest in wholesaling real property from three to five business days. This change affects buyers and sellers involved in real estate transactions, specifically those engaged in wholesaling. The key provision of the bill is the extension of the notice period, which aims to provide sellers with more time to prepare for the assignment of interest.
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