Tennessee House Bill HB0467

Tennessee 2025-2026 Regular Session

• Introduced: 1/28/25
• Refer: 2/5/25

Caption

AN ACT to amend Tennessee Code Annotated, Title 47, Chapter 16, relative to litigation financiers.

Summary

HB0467 makes a narrow change to Tennessee’s litigation financier registration law in Title 47, Chapter 16. Under current law, a litigation financier that is not a business entity or partnership may amend or withdraw its registration with the secretary of state; this bill replaces the existing second sentence of that subsection with a new provision stating that such a financier may do so by filing a form prescribed by the secretary of state and paying a $20 filing fee. In practical terms, the bill standardizes the process for individual litigation financiers to update or cancel their registration and sets a specific fee for that filing. It does not appear to change the broader regulatory framework for litigation financing, but it does affect the administrative requirements imposed on a subset of registrants and the secretary of state’s filing procedures.

Impact

The bill amends Tennessee Code Annotated, Section 47-16-103(c), affecting the registration rules for litigation financiers who are not business entities or partnerships. Its legal impact is limited to the amendment/withdrawal process and the associated fee, while leaving the rest of the litigation financier statute intact. The secretary of state would be responsible for using the prescribed form and collecting the $20 fee, and individual non-entity financiers would be the primary parties affected.

Sentiment

There is no recorded committee discussion or vote history in the provided materials, so no direct public or legislative sentiment can be measured from the transcript or roll call. Based on the text alone, the bill appears technical and administrative rather than controversial, suggesting a generally neutral or procedural posture.

Contention

No specific points of contention are documented in the available materials. The only potentially debatable issue visible from the bill text is the imposition of a $20 filing fee and the formalization of the amendment/withdrawal process for non-entity litigation financiers, but no member comments or votes are provided to show opposition or support on that basis.