SB0765 amends Tennessee banking laws to include attorney fees in expenses for breach of warranty claims.
SB0765 amends Tennessee Code Annotated, Title 26, Title 45, and Title 47, relative to banking. It modifies provisions concerning breach of warranty claims to include reasonable attorney fees in expenses if the warrantor fails to pay within thirty days of receiving notice. Additionally, it updates the process for garnishment summons, requiring garnishees to determine if they possess or control money or property of the judgment debtor within five business days and to furnish a copy of the garnishment to the judgment debtor. The act applies to acts occurring on or after its effective date.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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