Tennessee HB1374 prohibits third-party ticket resellers from selling speculative tickets and mandates penalties for violations.

Tennessee HB1374 amends Tennessee Code Annotated, Title 47, to prohibit third-party ticket resellers from selling or offering to sell speculative tickets. A speculative ticket is defined as one not in the reseller's actual or constructive possession at the time of sale. The Division of Consumer Affairs in the Office of the Attorney General and Reporter will enforce this provision, assessing a $5,000 penalty per violation. The act takes effect July 1, 2025, and applies to conduct occurring on or after that date.

Tennessee HB1374 prohibits third-party ticket resellers from selling speculative tickets and mandates penalties for violations.

Tennessee HB1374 amends Tennessee Code Annotated, Title 47, to prohibit third-party ticket resellers from selling or offering to sell speculative tickets. A speculative ticket is defined as one not in the reseller's actual or constructive possession at the time of sale. The Division of Consumer Affairs in the Office of the Attorney General and Reporter will enforce this provision, assessing a $5,000 penalty per violation. The act takes effect July 1, 2025, and applies to conduct occurring on or after that date.