Consumer Protection Legislation - Tennessee

Companion Bill SB1583. Banks and Financial Institutions - Reduces maximum fees that title pledge lenders may charge from 20 percent to 15 percent of the original loan amount; requires principal reduction payments to begin at the first rather than third renewal of the loan; clarifies that routine principal reduction payment deferral is prohibited. - Amends TCA Title 45, Chapter 15, Part 1. Fiscal Summary for HB2149 / *SB1583Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB2149 / *SB1583 This bill revises various provisions governing title pledge loans and lenders. Under present law, a title pledge lender may charge a customary fee to defray the ordinary costs of operating [...]

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Companion Bill HB2149. Banks and Financial Institutions - Reduces maximum fees that title pledge lenders may charge from 20 percent to 15 percent of the original loan amount; requires principal reduction payments to begin at the first rather than third renewal of the loan; clarifies that routine principal reduction payment deferral is prohibited. - Amends TCA Title 45, Chapter 15, Part 1. Fiscal Summary for *SB1583 / HB2149Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *SB1583 / HB2149 This bill revises various provisions governing title pledge loans and lenders. Under present law, a title pledge lender may charge a customary fee to defray the ordinary costs of operating [...]

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Companion Bill SB0034. Consumer Protection - Allows consumers to place a freeze on the release of information from a consumer credit report. - Amends TCA Title 47, Chapter 18. Fiscal Summary for HB0024 / *SB0034Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB0024 / *SB0034 This bill allows a person to request that a security freeze be placed on the person's consumer report thereby barring consumer reporting agencies from releasing the person's consumer report or credit score relating to the extension of credit without the express authorization of such consumer. This bill requires consumer reporting agencies to place a freeze on a report within five days of receiving a freeze request.[...]

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Companion Bill SB0614. Consumer Protection - Makes advertising that the seller or lessor of a radar or laser detector or jamming device will pay the customer's motor vehicle traffic citation a violation of the Consumer Protection Act as well as a criminal offense. - Amends TCA Title 39, Chapter 16, Part 6; Title 39, Chapter 17, Part 1 and Title 47, Chapter 18, Part 1. Fiscal Summary for *HB0148 / SB0614Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0148 / SB0614 Under present law, it is a Class B misdemeanor, punishable by a fine of up to $500, to offer to pay or to pay a motor vehicle traffic citation of any person who purchased any device or mechanism, passive or active, to detect or purposefully interfere with or diminish the [...]

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Companion Bill SB0161. Consumer Protection - Enacts the "Credit Security Act of 2007." - Amends TCA Title 10, Chapter 7, Part 5; Title 39 and Title 47, Chapter 18. Fiscal Summary for HB0200 / *SB0161Increase State Revenues - Not Significant Increase State Expenditures - $281,600 Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB0200 / *SB0161 This bill establishes a process for requesting a security freeze on a consumer report, establishes requirements governing the use of a person's social security number, and creates an identify theft passport for identity theft victims. SECURITY FREEZE This bill allows a person to request that a security freeze be placed on the person's consumer report, thereby barring consumer reporting agencies from releasing [...]

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Companion Bill SB0262. Consumer Protection - Enacts "Tennessee Truth in Music Advertising Act." - Amends TCA Title 47, Chapter 18. Fiscal Summary for *HB0228 / SB0262Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0228 / SB0262 This bill makes it a violation of the Tennessee Consumer Protection Act for a person to advertise or conduct a live musical performance or production through the use of a false, deceptive, or misleading affiliation, connection, or association between a performing group and a recording group. However, this prohibition would not apply if: (1) The performing group is the authorized registrant and owner of a federal service mark for that group registered [...]

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Companion Bill SB0883. Consumer Protection - Imposes certain requirements on motor vehicle dealers regarding conditional delivery agreements and trade-ins; violation may result in action against the dealer's license or civil penalty. - Amends TCA Title 47, Chapter 18 and Title 55, Chapter 17. Fiscal Summary for *HB0361 / SB0883Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0361 / SB0883 This bill allows a consumer who purchases a motor vehicle from a licensed motor vehicle dealer to void the transaction by returning the vehicle to the dealer within three business days from the date of notice from the dealer that financing was not obtained and when: (1) The transaction [...]

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Companion Bill SB0890. Consumer Protection - Allows consumers to place a freeze on the release of information from a consumer credit report. - Amends TCA Title 47, Chapter 18. Fiscal Summary for *HB0367 / SB0890Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0367 / SB0890 This bill allows a person to request that a security freeze be placed on the person's consumer report thereby barring consumer reporting agencies from releasing the person's consumer report or credit score relating to the extension of credit without the express authorization of such consumer. This bill requires consumer reporting agencies to place a freeze on a report within five days of receiving a freeze request.[...]

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Companion Bill SB0256. Consumer Protection - Enacts the "Clean Credit and Identity Theft Protection Act of 2007." - Amends TCA Title 47, Chapter 18, Part 21 and Title 56. Fiscal Summary for HB0381 / *SB0256Increase State Revenues - Not Significant Increase State Expenditures - $1,310,300 Recurring $1,927,400 One-Time Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB0381 / *SB0256 SECURITY FREEZE This bill allows a person to request that a security freeze be placed on the person's consumer report thereby barring consumer reporting agencies from releasing the person's consumer report or credit score relating to the extension of credit without the express authorization of such consumer. The request may made by mail, telephone, or through a Web site [...]

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Companion Bill SB4064. Consumer Protection - Requires a provider of cellular communication service to take all necessary steps to preserve the cellular telephone communications for 14 days after a user requests that such communications be preserved and makes it a violation of the Consumer Protection Act to fail to preserve such communications. - Amends TCA Title 47. Fiscal Summary for *HB3986 / SB4064Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for *HB3986 / SB4064 This bill requires any cellular communication service provider, upon request of a user with whom the provider has a service agreement, to preserve cellular telephone communications and other evidence in its possession that was received [...]

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Companion Bill SB4038. Consumer Protection - Prohibits the diminution in value of gift cards and gift certificates. - Amends TCA Title 47, Chapter 18. Fiscal Summary for *HB4023 / SB4038Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for *HB4023 / SB4038 Under this bill, any gift certificate or gift card would retain its full unused value until presented in exchange for merchandise; no gift certificate or gift card would expire until the full unused value of the certificate or card has been spent; and no dormancy fee may be charged against a gift card or gift certificate. A violation of this bill would be an unfair or deceptive act or practice affecting the conduct of any trade or commerce [...]

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Companion Bill SB3238. Consumer Protection - Adds the practice of operating private parking service using a device to immobilize vehicles for unauthorized parking, charging a fee for such device's removal, and refusing to allow choice of payment options as violation of Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1. Fiscal Summary for HB4044 / *SB3238Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB4044 / *SB3238 Under this bill, it would be a violation of the Consumer Protection Act to engage in the business of private parking service, using a device to immobilize a vehicle for unauthorized parking, charging a fee to remove such device, and refusing to allow the [...]

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Companion Bill SB3239. Consumer Protection - Adds the practice of engaging in business of private parking service and using a device to immobilize a vehicle for unauthorized parking without posting conspicuous signage as a violation of the Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1. Fiscal Summary for HB4045 / *SB3239Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB4045 / *SB3239 Under this bill, it would be a violation of the Consumer Protection Act to engage in the business of private parking service, using a device to immobilize a vehicle for unauthorized parking, and failing to provide conspicuous signage stating that a vehicle immobilizing device may be [...]

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Companion Bill SB3237. Consumer Protection - Adds the practice of engaging in private parking service using a device to immobilize a vehicle for unauthorized parking and charging a fee to remove such device which is more than twice the fee charged for otherwise authorized parking as a violation of the Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1. Fiscal Summary for HB4051 / *SB3237Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB4051 / *SB3237 Under this bill, it would be a violation of the Consumer Protection Act to engage in the business of private parking service, using a device to immobilize a vehicle for unauthorized parking, and charging a fee to remove such [...]

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Companion Bill SB2991. Consumer Protection - Includes certain actions by motor vehicle dealers engaging in trade-in transactions as unfair or deceptive trade practices under Consumer Protection Act. - Amends TCA Title 47 and Title 55. Fiscal Summary for HB4094 / *SB2991Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenue - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for HB4094 / *SB2991 Under the Tennessee Consumer Protection Act, unfair or deceptive acts or practices affecting the conduct of any trade or commerce constitute unlawful acts or practices and are Class B misdemeanors. A person who suffers harm due to such an act may sue the violator and may be awarded treble damages. This bill adds the following to the list of acts [...]

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Companion Bill SB4175. Consumer Protection - Requires health clubs to post a $25,000 bond with the department of commerce and insurance to be maintained for two years following the club's ceasing to do business in this state or demonstrate a net worth of at least $10 million; authorizes the commissioner to issue a cease and desist order against a person violating the provisions governing health clubs. - Amends TCA Title 47, Chapter 18. Fiscal Summary for *HB4153 / SB4175Increase State Expenditures - Not Significant Bill Summary for *HB4153 / SB4175 This bill requires health clubs to post a bond of $25,000 with the department of commerce and insurance. The bond may be made through deposit of cash, a certificate of deposit, securities, or with a bond issued by a corporate surety. The bond must be maintained for two years following the date on which [...]

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Companion Bill HB4023. Consumer Protection - Prohibits the diminution in value of gift cards and gift certificates. - Amends TCA Title 47, Chapter 18. Fiscal Summary for SB4038 / *HB4023Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for SB4038 / *HB4023 Under this bill, any gift certificate or gift card would retain its full unused value until presented in exchange for merchandise; no gift certificate or gift card would expire until the full unused value of the certificate or card has been spent; and no dormancy fee may be charged against a gift card or gift certificate. A violation of this bill would be an unfair or deceptive act or practice affecting the conduct of any trade or commerce [...]

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Companion Bill HB3986. Consumer Protection - Requires a provider of cellular communication service to take all necessary steps to preserve the cellular telephone communications for 14 days after a user requests that such communications be preserved and makes it a violation of the Consumer Protection Act to fail to preserve such communications. - Amends TCA Title 47. Fiscal Summary for SB4064 / *HB3986Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for SB4064 / *HB3986 This bill requires any cellular communication service provider, upon request of a user with whom the provider has a service agreement, to preserve cellular telephone communications and other evidence in its possession that was received [...]

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