Amends TCA Title 66.
Tennessee SB2273 amends Title 66 of the Tennessee Code Annotated by increasing the minimum notice period from three to five business days that a buyer engaging in wholesaling real property must provide to the seller regarding the effective date of an assignment of the buyer's interest. This change affects buyers and sellers involved in wholesaling real estate transactions. The key provision is the extension of the notice period, which aims to provide sellers with more time to prepare for the assignment of interest.
Tennessee SB2273 amends Title 66 of the Tennessee Code Annotated by increasing the minimum notice period from three to five business days that a buyer engaging in wholesaling real property must provide to the seller regarding the effective date of an assignment of the buyer's interest. This change affects buyers and sellers involved in wholesaling real estate transactions. The key provision 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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