Tennessee · 114th Regular Session (2025-2026) · Bill

HB 137: Insurance Companies, Agents, Brokers, Policies - As introduced, authorizes a purchaser or borrower in a real property transaction to select the settlement agent to perform certain duties; authorizes the seller to retain a licensed attorney in this state to represent the seller's interests in such transaction; prohibits the designated settlement agent from collecting certain transaction-related fees from a represented seller without consent of the seller's attorney. - Amends TCA Title 56, Chapter 35 and Title 66.

Introduced Last action January 15, 2025: P2C held on desk, pending appointment of Standing Committees

Plain-language summary

HB 137 is a bill introduced in the Tennessee House on January 13, 2025. According to its official title, it concerns: Insurance Companies, Agents, Brokers, Policies - As introduced, authorizes a purchaser or borrower in a real property transaction to select the settlement agent to perform certain duties; authorizes the seller to retain a licensed attorney in this state to represent the seller's interests in such transaction; prohibits the designated settlement agent from collecting certain transaction-related fees from a represented seller without consent of the seller's attorney. - Amends TCA Title 56, Chapter 35 and Title 66. Primary sponsor: Jody Barrett (Republican). Most recent recorded action (January 15, 2025): P2C held on desk, pending appointment of Standing Committees.

Sponsors

Primary sponsor: Jody Barrett (Republican).