House Bill 1039 amends Tennessee law regarding the submission and registration of electronic records with county registers of deeds. The bill introduces a new subsection to Tennessee Code Annotated, Section 47-10-118, which specifies that certain entities, including licensed attorneys, banks, federally chartered lending institutions, licensed loan makers, title insurance companies, and various governmental subdivisions, are authorized to submit electronic records for registration. Additionally, it modifies Section 66-24-203 by replacing an existing subsection to clarify that county registers may receive electronic documents from authorized electronic filing vendors and outlines the responsibilities of these vendors in ensuring compliance with the law.

Furthermore, the bill adds a new subdivision to Section 66-24-204(a), which mandates that county registers can only accept documents transmitted by electronic filing vendors on behalf of authorized submitters. It emphasizes that the electronic filing vendor is responsible for ensuring that only authorized documents are transmitted and holds them liable for any damages resulting from non-compliance. The act is set to take effect on July 1, 2025.

Statutes affected:
Introduced: 47-10-118, 66-24-203, 66-24-204(a), 66-24-204