House Bill 820, sponsored by Garrett, proposes an amendment to Tennessee Code Annotated, specifically Section 45-1-119(a), which pertains to financial institutions. The bill seeks to change the timeframe in which certain actions must be taken by financial institutions from "within sixty (60) days" to "within forty-five (45) days."

This adjustment aims to expedite processes related to financial institutions, thereby enhancing efficiency and responsiveness. The bill is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare.

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