2025-2026 Regular SessionTennessee Legislature

HB0871: AN ACT to amend Tennessee Code Annotated, Title 66, relative to the use of escrow funds for condominium projects.

Legislative Summary

As introduced, adds requirements for declarant access to and use of deposits made in connection with the purchase or reservation of a condominium unit; makes other similar changes. - Amends TCA Title 66.

Demographic Impact

Overall analysis of equity impact

Neutral
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Bill History

2/4/2025
Filed for introduction
House of Representatives
2/5/2025
Intro., P1C.
House of Representatives
2/6/2025
P2C, ref. to Commerce Committee
House of Representatives
2/10/2025
Assigned to s/c Business & Utilities Subcommittee
House of Representatives
2/19/2025
Placed on s/c cal Business & Utilities Subcommittee for 2/26/2025
House of Representatives
2/26/2025
Rec for pass if am by s/c ref. to Commerce Committee
House of Representatives
2/26/2025
Placed on cal. Commerce Committee for 3/5/2025
House of Representatives
3/5/2025
Rec. for pass. if am., ref. to Calendar & Rules Committee
House of Representatives
3/19/2025
Placed on cal. Calendar & Rules Committee for 3/20/2025
House of Representatives
3/20/2025
H. Placed on Regular Calendar for 3/27/2025
House of Representatives
3/27/2025
Comp. SB subst.
House of Representatives

Amendments

HA0046

Amendment 1-0 to HB0871

3/5/2025Not Adopted

Roll Call Votes

HOUSE COMMERCE COMMITTEE: Rec. for pass. if am., ref. to Calendar & Rules Committee
3/5/2025
19
Yea
3
Nay
0
Not Voting
0
Absent
Result: PASSED
HOUSE BUSINESS AND UTILITIES SUBCOMMITTEE: Rec for pass if am by s/c ref. to Commerce Committee
2/26/2025
9
Yea
1
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Introduced(2/4/2025)
Chamber
House of Representatives

Sponsors

Republican: 2

Primary Sponsor

Iris Rudder
Iris Rudder
Republican

Documents

Draft
Bill Text2/5/202513.6 KB
Draft
Bill Text2/4/202513.6 KB
Fiscal Note/Analysis
Fiscal Note/Analysis2/21/2025139.8 KB
Fiscal Note
Fiscal Note2/19/2025139.4 KB