HB0322 - Tennessee: Attorney General And Reporter, Business And Commerce, Titles, Short

Companion Bill SB0367. Business and Commerce - Enacts the "Tennessee Franchise Disclosure Act of 2007." - Amends TCA Title 47. Fiscal Summary for *HB0322 / SB0367Increase State Revenues - $130,000 Increase State Expenditures - $186,100 Recurring $10,000 One-Time Bill Summary for *HB0322 / SB0367 This bill establishes registration requirements for franchises and franchise brokers. Registration would be made with the office of the attorney general and reporter (referred to in this bill as "the administrator"). This bill provides that no person may offer or sell any franchise required to be registered under this bill unless: the franchise has been registered or is exempt; and the person first provides to the prospective franchisee a copy of a disclosure statement meeting the requirements of this bill and registered by [...]

show full description