TN SB2334 | 2013-2014 | 108th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 23 2014 - 25% progression, died in committee
Action: 2014-01-29 - P2C, ref. to S. C&L Comm.
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 23 2014 - 25% progression, died in committee
Action: 2014-01-29 - P2C, ref. to S. C&L Comm.
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, enacts the "Nonrecourse Mortgage Loan Act", which prohibits certain covenants from being used as a nonrecourse carveout or the basis for a claim or action against a borrower, guarantor, or surety on a nonrecourse loan. - Amends TCA Title 45; Title 47 and Title 66.
Title
As introduced, enacts the "Nonrecourse Mortgage Loan Act", which prohibits certain covenants from being used as a nonrecourse carveout or the basis for a claim or action against a borrower, guarantor, or surety on a nonrecourse loan. - Amends TCA Title 45; Title 47 and Title 66.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-01-29 | Senate | P2C, ref. to S. C&L Comm. |
| 2014-01-27 | Senate | Intro., P1C. |
| 2014-01-23 | Senate | Filed for intro. |
Same As/Similar To
HB1864 (Crossfiled) 2014-02-04 - Assigned to s/c Insurance and Banking Subcommittee
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2334&ga=108 |
| Text | https://www.capitol.tn.gov/Bills/108/Bill/SB2334.pdf |
