Tennessee House Bill HB0106

Tennessee 2023-2024 Regular Session

• Introduced: 1/11/23
• Refer: 1/20/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 40, Chapter 33, Part 2; Title 47 and Title 66, relative to consumer protection.

Impact

The introduction of HB 0106 signifies a considerable shift in how developers and businesses can interact with property owners. By mandating that developers disclose their legal names, contact details, and operational addresses before making unsolicited offers, the bill aims to foster transparency and accountability in property transactions. This effort to limit unsolicited contacts is particularly relevant amidst concerns over aggressive solicitation practices that can pressure homeowners into selling their properties without a fair assessment of their options. As a result, the bill seeks to bolster the rights of property owners while enhancing consumer protection standards within the state.

Summary

House Bill 0106 is a legislative measure aimed at amending portions of the Tennessee Code Annotated to enhance consumer protection specifically related to unsolicited requests from developers or business entities to buy real property. The bill establishes a regulatory framework that restricts the frequency and nature of such unsolicited contacts, thereby providing property owners with greater protections against excessive solicitation practices. Notably, this legislation sets a limit on the number of unsolicited contacts to property owners to two times in a calendar year, regardless of the communication method used, such as telephone calls, emails, or mail.

Contention

While the legislative intent behind HB 0106 appears largely protective, it may also encounter contention among stakeholders. Developers and business entities might perceive the limitations imposed as an obstacle to their operational practices, potentially arguing that the restrictions could hinder business growth and market fluidity. Conversely, advocates for consumer rights may view the bill as a necessary safeguard against predatory practices, indicating a potential divergence in opinions on the balance between business interests and consumer protection. The enforcement mechanisms outlined in the bill, including fines for violations, may instigate discussions regarding the adequacy of penalties and the enforcement capabilities of the attorney general's office.