House Bill 621 amends Tennessee Code Annotated, Title 56, Chapter 55, concerning motor vehicle protection products. The bill modifies the requirements for warrantor registration records by deleting the first sentence of Section 56-55-104(b) and replacing it with a new provision that mandates warrantors to file their registration records annually and update them within thirty days of any changes. Additionally, a new subsection (d) is added, which states that warrantors applying for renewal do not need to submit a copy of a previously registered warranty. Instead, they must provide written notification of any changes to the original registration information within the same thirty-day timeframe, without the need for a new registration application.

The act is set to take effect on July 1, 2025, and will apply to all renewals and notifications submitted after that date. This legislation aims to streamline the registration process for warrantors while ensuring that the necessary updates are communicated in a timely manner.

Statutes affected:
Introduced: 56-55-104(b), 56-55-104