HB0384 - Tennessee - Liens, Motor Vehicles, Titling And Registration

Companion Bill SB1601. Motor Vehicles, Titling and Registration - Revises authority of persons holding a security interest or lien in a motor vehicle to transfer such security interest or lien; person transferring a security interest or lien in a motor vehicle is liable for any obligations arising out of such security interest or lien until such time as the assignee is named on the certificate of title as the holder of the security interest or lien. - Amends TCA Title 55. Fiscal Summary for *HB0384 / SB1601Decrease State Revenues - $750,000 Bill Summary for *HB0384 / SB1601 This bill amends provisions for the assignment of liens on and security interests in motor vehicles. It maintains that the ability the holder of a security interest in a vehicle has under present law to assign the security interest to another person, but it changes some details [...]

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