House Bill 974 amends Tennessee Code Annotated regarding the auctioning of motor vehicles. Specifically, it modifies Section 55-17-120(e)(2) by deleting the semicolon at the end of the subdivision and replacing it with a provision that allows for the option to send information electronically. This change aims to modernize the process and facilitate better communication in the context of motor vehicle auctions.
The bill is set to take effect immediately upon becoming law, emphasizing the urgency of the changes for public welfare. By allowing electronic communication, the legislation seeks to streamline operations within the motor vehicle auction industry in Tennessee.
Statutes affected: Introduced: 55-17-120(e)(2), 55-17-120