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TennesseeSB 2326114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 66, relative to property owners' associations' responsibility to maintain fidelity bonds.

Sponsored By: Jeff Yarbro (Democrat)

Became Law

Real Property

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Homeowners associations must carry fidelity bond

The law requires homeowners associations that collect assessments to keep a blanket fidelity bond or insurance. It protects the association from theft or dishonesty by officers, directors, employees, and managing agents. Coverage must equal the HOA’s reserve balances plus one-quarter of its annual assessment income, with at least $10,000 of coverage. The board or the managing agent can buy the bond. Unit owners’ associations are included. This requirement starts January 1, 2027. The bond is an added HOA expense.

Sponsors & Cosponsors

Sponsor

  • Jeff Yarbro

    Democrat • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 130 • No: 0

House vote • 3/26/2026

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/26/2026

Yes: 91 • No: 0

Senate vote • 3/23/2026

FLOOR VOTE: as Amended Third Consideration 3/23/2026

Yes: 30 • No: 0

Senate vote • 3/10/2026

SENATE COMMERCE AND LABOR COMMITTEE

Yes: 9 • No: 0

Actions Timeline

  1. Pub. Ch. 731

    4/23/2026

  2. Effective date(s) 01/01/2027

    4/23/2026

  3. Signed by Governor.

    4/13/2026Senate

  4. Transmitted to Governor for action.

    4/2/2026Senate

  5. Signed by H. Speaker

    4/1/2026House

  6. Signed by Senate Speaker

    3/30/2026Senate

  7. Rcvd. from S., held on H. desk.

    3/26/2026House

  8. Subst. for comp. HB.

    3/26/2026House

  9. Am. withdrawn. (Amendment 1 - HA0744)

    3/26/2026House

  10. Passed H., Ayes 91, Nays 0, PNV 0

    3/26/2026House

  11. Enrolled and ready for signatures

    3/26/2026Senate

  12. Senate adopted Amendment (Amendment 1 - SA0694)

    3/23/2026Senate

  13. Passed Senate as amended, Ayes 30, Nays 0

    3/23/2026Senate

  14. Engrossed; ready for transmission to House

    3/23/2026Senate

  15. Placed on Senate Regular Calendar for 3/23/2026

    3/20/2026Senate

  16. Recommended for passage, refer to Senate Calendar Committee

    3/10/2026Senate

  17. Rule #83(8) Suspended, to be heard in Senate Commerce & Labor Committee on 3/10/2026

    3/9/2026Senate

  18. Placed on Senate Commerce and Labor Committee calendar for 3/10/2026

    3/9/2026Senate

  19. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

    2/5/2026Senate

  20. Filed for introduction

    2/2/2026Senate

  21. Introduced, Passed on First Consideration

    2/2/2026Senate

Bill Text

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