Senate Bill 2013, also known as House Bill 2268, amends various sections of the Tennessee Code Annotated related to public automobile auctions. The bill redefines "public automobile auction" to clarify that it involves a licensed motor vehicle dealer offering vehicles for sale to the highest bidder from the general public, without restricting the auctioning of used vehicles solely to licensed dealers or their agents. Additionally, it mandates that public automobile auctions must obtain and display valid licenses from both the Tennessee motor vehicle commission and the Tennessee auctioneer commission.

The bill also establishes that public automobile auctions must take possession of and retain the title to each vehicle offered for sale. Upon finalizing a sale, the auction must ensure the title is signed over to them by the vehicle owner and subsequently delivered to the buyer. If a sale does not occur, the unsigned title must be returned to the owner. This provision reinforces the auction's role as the seller, holding the same responsibilities as other licensed motor vehicle dealers.

Statutes affected:
Introduced: 62-19-101(10), 62-19-101, 62-19-128(b)(9), 62-19-128, 62-19-128(b)(10), 62-19-128(f), 55-17-102(19), 55-17-102