Real Property - As enacted, requires the Tennessee advisory commission on intergovernmental relations to conduct a study and compile a report to be submitted to the general assembly on real estate fraud in this state. - Amends TCA Title 4; Title 8, Chapter 13; Title 8, Chapter 16 and Title 66.

HB 2215, known as the Real Estate Fraud Reduction Act, requires county recorders and notaries public to verify the identity of individuals involved in real estate transactions using government-issued identification cards. When recording deeds or liens, officials must create and keep a copy of the ID along with the person's name, address, and unique ID number, and they must mail a notice of the recording to the property owner within ten business days. Notaries public must perform similar identity verification steps when notarizing real estate documents, and they face escalating penalties, including fines and potential revocation of their commission, for failing to comply. The bill aims to reduce real estate fraud by ensuring that the identities of parties involved in property transfers are properly documented and verified.