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Motor Vehicles, Titling and Registration - As introduced, requires evidence of compliance with the financial responsibility law prior to registering vehicles; increases from $25 to $50 the coverage failure fee imposed by the department of revenue for the first failure to comply with the James Lee Atwood Jr. Law; increases that fee to $250 for a second failure to comply and to $500 for a third or subsequent failure to comply; allocates 50 percent of the fees to county clerks. - Amends TCA Title 55, Chapter 12 and Title 55, Chapter 4.