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 for a specific requirement by deleting the phrase "within sixty (60) days" and replacing it with "within forty-five (45) days."

This adjustment aims to expedite the process outlined in the existing law, thereby reducing the time frame for compliance from 60 days to 45 days. The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the change for the public welfare.

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