SB 285: Real Property - As introduced, changes from a preponderance of the evidence to clear and convincing evidence the burden of proof for a debtor to prove that property sold at a foreclosure sale for an amount materially less than the fair market value in order to rebut the presumption that the foreclosure sale price of the property was equal to the fair market value at the time of sale. - Amends TCA Title 35.

Plain-language summary

SB 285 is a bill introduced in the Tennessee Senate on January 24, 2025. According to its official title, it concerns: Real Property - As introduced, changes from a preponderance of the evidence to clear and convincing evidence the burden of proof for a debtor to prove that property sold at a foreclosure sale for an amount materially less than the fair market value in order to rebut the presumption that the foreclosure sale price of the property was equal to the fair market value at the time of sale. - Amends TCA Title 35. Primary sponsor: Paul Bailey (Republican). Most recent recorded action (March 24, 2025): Assigned to General Subcommittee of Senate Judiciary Committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written