# Tennessee SB 1079: AN ACT to amend Tennessee Code Annotated, Title 66, relative to the use of escrow funds for condominium projects.

Tennessee SB 1079, AN ACT to amend Tennessee Code Annotated, Title 66, relative to the use of escrow funds for condominium projects., is a 114th General Assembly (2025-2026) Senate bill sponsored by no sponsor on record; status signed, last action 2025-04-30 (Effective date(s) 07/01/2025); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/TN-SB1079-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Tennessee SB 1079
- State: Tennessee
- Session: 114th General Assembly (2025-2026)
- Title: AN ACT to amend Tennessee Code Annotated, Title 66, relative to the use of escrow funds for condominium projects.
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-05
- Last action: 2025-04-30, Effective date(s) 07/01/2025
- Sponsors: no sponsor on record
- Cosponsors: 0
- Subjects: Real Property
- Touches household money: yes
- Roll calls: 3 (121 yes, 13 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Escrow protections for Tennessee condo buyers: benefit, medium. These rules cover Tennessee condo purchase or reservation contracts entered into or amended on or after July 1, 2025. Deposits up to the first 10% of the purchase price must go into a dedicated Tennessee escrow account. A licensed title insurance company or agent, attorney, licensed real estate bro…
- Condo buyers face limits recovering from lenders: cost, low. These rules cover Tennessee condo purchase or reservation contracts entered into or amended on or after July 1, 2025. Third-party lenders are generally not liable for how deposits are used or returned, or whether adequate deposit security was obtained. An exception applies when a lender takes owner…

## Sponsors and cosponsors

- (none)

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-27 | House | FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/27/2025 | pass | 85 | 10 |   |
| 2025-03-03 | Senate | FLOOR VOTE: as Amended Third Consideration 3/3/2025 | pass | 28 | 3 |   |
| 2025-02-25 | Senate | SENATE COMMERCE AND LABOR COMMITTEE | pass | 8 | 0 |   |

## Bill text

- Enrolled / Public Chapter: [PDF](https://publications.tnsosfiles.com/acts/114/pub/pc0180.pdf)
- Fiscal Note: [PDF](https://capitol.tn.gov/Bills/114/Fiscal/HB0871.pdf)
- HA0046: [PDF](https://capitol.tn.gov/Bills/114/Amend/HA0046.pdf)
- Introduced: [PDF](https://capitol.tn.gov/Bills/114/Bill/SB1079.pdf)
- SA0029: [PDF](https://capitol.tn.gov/Bills/114/Amend/SA0029.pdf)

## Related bills

- SB 0855: AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 12; Title 13; Title 29; Title 54; Title 64; Title 65; Title 68 and… (signed)
- SB 0539: AN ACT to amend Tennessee Code Annotated, Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68, relative to low-income housing. (signed)
- SB 0254: AN ACT to amend Tennessee Code Annotated, Title 38; Title 39; Title 40 and Title 55, relative to criminal law. (signed)
- SB 0198: AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes. (signed)
- HB 2670: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 85 of the Private Acts of 2004; and any other acts amendatory thereto, relative t… (signed)
- HB 2656: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter 335 of the Private Acts of 1968; Chapter 282 of the Private Acts of 1972; Chapte… (signed)

## Sources
- [Enrolled / Public Chapter (PDF)](https://publications.tnsosfiles.com/acts/114/pub/pc0180.pdf)
- [Fiscal Note (PDF)](https://capitol.tn.gov/Bills/114/Fiscal/HB0871.pdf)
- [HA0046 (PDF)](https://capitol.tn.gov/Bills/114/Amend/HA0046.pdf)
- [Introduced (PDF)](https://capitol.tn.gov/Bills/114/Bill/SB1079.pdf)
- [SA0029 (PDF)](https://capitol.tn.gov/Bills/114/Amend/SA0029.pdf)

## Related
- [SB 0855: AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; T…](https://policyrisk.com/state-bill/TN-SB0855-2025-2026)
- [SB 0539: AN ACT to amend Tennessee Code Annotated, Title 7; Title 13; Title 48; Title 49…](https://policyrisk.com/state-bill/TN-SB0539-2025-2026)
- [SB 0254: AN ACT to amend Tennessee Code Annotated, Title 38; Title 39; Title 40 and Titl…](https://policyrisk.com/state-bill/TN-SB0254-2025-2026)
- [SB 0198: AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes.](https://policyrisk.com/state-bill/TN-SB0198-2025-2026)
- [HB 2670: AN ACT to amend Chapter 33 of the Private Acts of 1985; as amended by Chapter 8…](https://policyrisk.com/state-bill/TN-HB2670-2025-2026)
- [HB 2656: AN ACT to amend Chapter 325 of the Private Acts of 1945; as amended by Chapter…](https://policyrisk.com/state-bill/TN-HB2656-2025-2026)
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Source: PRIA, https://policyrisk.com/state-bill/TN-SB1079-2025-2026 (as of 2026-11-01).