HB1199 - Tennessee - Motor Vehicles

Motor Vehicles - Increases dealer's required bond amount from $25,000 to $50,000; adds to list of items that bond to cover failure of a dealer to pay off debt on a trade-in vehicle and failure of a dealer to pay for a vehicle when purchasing from another dealer for resale. - Amends TCA Title 55, Chapter 17.

Decrease State Revenues - Not Significant State Expenditures - Net Impact - Not Significant