SB0242

SB0242 amends Tennessee law to address housing market manipulation by limiting the acquisition of single-family homes by business entities.

SB0242 amends Tennessee Code Annotated to introduce new regulations on the acquisition of single-family homes by business entities. It prohibits entities from acquiring homes for rental purposes if they own 100 or more such homes in qualifying counties. The act allows the attorney general to bring civil actions against violators, with courts empowered to impose penalties and award various remedies, including compensatory damages, costs, fees, and punitive damages.