House Bill 353, sponsored by Powers, proposes an amendment to Tennessee Code Annotated, Title 45, which pertains to financial institutions. The bill specifically modifies Section 45-1-119(a) by changing the timeframe for a certain action from "within sixty (60) days" to "within forty-five (45) days."

This adjustment aims to streamline processes related to financial institutions by reducing the time allowed for compliance or response. The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for the public welfare.

Statutes affected:
Introduced: 45-1-119(a), 45-1-119