AN ACT to amend Tennessee Code Annotated, Title 47, relative to the Uniform Commercial Code.
Summary
HB0603 makes a narrow change to Tennessee’s Uniform Commercial Code provisions by amending Tennessee Code Annotated, Section 47-9-527. The bill changes a statutory date from February 1 to January 15. Based on the cited section, the amendment appears to adjust a filing or administrative deadline within Article 9 of the UCC, which governs secured transactions and related commercial filing requirements.
The bill does not create a new program or alter the overall structure of Tennessee commercial law; instead, it updates one deadline in the UCC to an earlier date. Its practical effect would be on parties who rely on the affected filing timeline, such as secured creditors, debtors, filing offices, and other commercial actors subject to Article 9 procedures.
Impact
HB0603 would amend a single provision in Title 47 governing the Uniform Commercial Code, specifically changing the deadline in Section 47-9-527 from February 1 to January 15. This would affect the timing of whatever filing, notice, or administrative action is governed by that section, and could require affected parties to act earlier to preserve rights or comply with statutory requirements. The bill is technical in nature and would not broadly alter Tennessee’s commercial code beyond the revised date.
Sentiment
There is no recorded committee transcript or vote history provided, so the bill’s reception cannot be measured from discussion or roll call data. Based on the text alone, the measure appears to be a routine technical correction or deadline adjustment rather than a controversial policy change. The absence of debate or recorded opposition suggests it was likely treated as a noncontroversial administrative update.
Contention
No specific points of contention are documented in the provided materials. If any concern exists, it would likely center on the practical effect of moving the deadline earlier by about two weeks, which could matter to secured parties, filing professionals, and others who must comply with Article 9 timing rules. However, no speaker or voting record is available to indicate that such concerns were raised.