Amends TCA Title 8; Title 39; Title 62 and Title 66.
Tennessee SB0216 amends existing statutes to increase the maximum fine that a jury may impose for the offense of conveyance by general warranty deed with knowledge of existing liens from $3,000 to $4,000. This change affects individuals involved in real estate transactions where such conveyances occur, specifically addressing the penalties for knowingly transferring property with existing liens. The key provision is the adjustment of the fine amount, which aims to enhance accountability in property conveyance practices.
Tennessee SB0216 amends existing statutes to increase the maximum fine that a jury may impose for the offense of conveyance by general warranty deed with knowledge of existing liens from $3,000 to $4,000. This change affects individuals involved in real estate transactions where such conveyances occur, specifically addressing the penalties for knowingly transferring property with existing liens. The key provision is the adjustment of the fine amount, which aims to enhance accountability in property conveyance practices.
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