All Roll Calls
Yes: 40 • No: 0
TennesseeSB 0909114th General Assembly (2025-2026)SenateWALLET
AN ACT to amend Tennessee Code Annotated, Title 47 and Title 66, relative to wholesaling real property.
Sponsored By: Ferrell Haile (Republican)
Became Law
Real Property
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
New rules for real estate wholesaling
The law sets clear rules for wholesaling real estate contracts. It defines a buyer’s equitable interest after signing but before title transfers. Wholesaling means assigning that interest for more than the buyer agreed to pay. A wholesaler must tell the seller in writing, before signing, that they plan to market the contract. They must also tell any assignee, in writing, what interest they hold. If assignment is allowed, the seller must get the assignment’s effective date at least three business days before it takes effect. These disclosures must be in bold, large font and in the written agreement. The rules apply only to real estate and take effect immediately.
Two-year deadline to sue wholesalers
Any lawsuit for a violation under this part must be filed within two years after the purchase contract is signed. After two years, claims are barred. This reduces long-term risk for wholesalers but shortens the time for sellers or buyers to seek relief.
Sponsors & Cosponsors
Sponsor
Ferrell Haile
Republican • Senate
Cosponsors
Heidi Campbell
Democrat • Senate
Roll Call Votes
Senate vote • 2/24/2025
FLOOR VOTE: Motion to Adopt 2/24/2025
Yes: 33 • No: 0
Senate vote • 2/18/2025
SENATE COMMERCE AND LABOR COMMITTEE
Yes: 7 • No: 0
Actions Timeline
Pub. Ch. 72
4/8/2025Effective date(s) 03/25/2025
4/8/2025Signed by Governor.
3/25/2025SenateSigned by H. Speaker
3/19/2025HouseTransmitted to Governor for action.
3/19/2025SenateEnrolled and ready for signatures
3/18/2025SenateSigned by Senate Speaker
3/18/2025SenateSubst. for comp. HB.
3/17/2025HousePassed H., Ayes 92, Nays 0, PNV 1
3/17/2025HouseRcvd. from S., held on H. desk.
2/27/2025HousePassed Senate, Ayes 33, Nays 0
2/24/2025SenateEngrossed; ready for transmission to House
2/24/2025SenateSponsor(s) Added.
2/24/2025SenatePlaced on Senate Consent Calendar 2 for 2/24/2025
2/20/2025SenateRecommended for passage, refer to Senate Calendar Committee
2/18/2025SenatePassed on Second Consideration, refer to Senate Commerce and Labor Committee
2/12/2025SenatePlaced on Senate Commerce and Labor Committee calendar for 2/18/2025
2/12/2025SenateIntroduced, Passed on First Consideration
2/10/2025SenateFiled for introduction
2/5/2025Senate
Bill Text
Enrolled / Public Chapter
Fiscal Note
Introduced
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