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Home > Tennessee > HB1448
Chief Sponsor:

Kent Coleman

Tagged in: Real Estate Agents And Brokers

Latest Update: Saturday, August, 30th 2008

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Companion Bill SB1354. Real Estate Agents and Brokers - Provides voluntary funding source and mechanism to financially support indigent legal representation in all counties of the state. - Amends TCA Title 62, Chapter 13. Fiscal Summary for HB1448 / *SB1354Increase State Revenues - Exceeds $100,000 Tennessee Voluntary Fund for Indigent Civil Representation Increase State Expenditures - $50,000 Recurring $30,000 One-Time Bill Summary for HB1448 / *SB1354 Present law requires every real estate broker to keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. This bill creates the Tennessee real estate escrow ("TREE") program whereby the interest generated on real estate brokers' escrow and trust accounts will be transferred quarterly into the Tennessee voluntary fund [...]

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Latest Actions
  • 03/07/2007 - Taken Off Notice For Calendar in: Government Operations Committee
  • 02/28/2007 - Placed on Calendar Government Operations Committee for 3/7/2007
  • 02/15/2007 - Passed second consideration, Referred to Government Operations for review--Commerce
  • 02/14/2007 - Introduced, Passed first consideration
  • 02/13/2007 - Filed for Introduction
Bill Text
File name Last Updated
HB1448 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB1354 Fiscal Notes PDF10/27/2007