HB0592 - Tennessee - Criminal Offenses, Uniform Commercial Code

Companion Bill SB0936. Uniform Commercial Code - Applies the inferred fraudulent intent standard from the criminal provisions relating to use of worthless checks to the civil provisions governing bad checks. - Amends TCA Section 39-14-121 and Section 47-29-101. Fiscal Summary for *HB0592 / SB0936Increase State Revenues - Not Significant Increase State Expenditures - $863,600 / Incarceration* Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0592 / SB0936 Under present law, a person who is found in a civil action to have written a bad check is liable to the holder of the check for: (1) The face amount of the check dishonored; (2) Interest at the rate of 10 percent per annum on the face amount or the remaining unpaid balance of the check or draft from the [...]

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