Uniform Commercial Code - As enacted, specifies that a filing office in receipt of a petition for review filed by a secured party contesting a public official's affidavit that a financing statement was filed without legal cause submit the UCC financing statement that is the subject of the petition and the notarized affidavit of the public official to the administrative procedures division of the office of the secretary of state, in addition to the existing requirement that the petition itself be submitted; requires the prevailing party in the contested case hearing to provide the filing office with a copy of the administrative law judge's determination. - Amends TCA Title 47.
HB 1342 amends Tennessee's Uniform Commercial Code to streamline disputes over financing statement filings. It requires filing offices (like county clerks) to forward contested financing statements and public officials' notarized affidavits to the Secretary of State's office within 3 business days when a secured party (typically a lender or business with a security interest) contests a filing. The bill also mandates that the winning party in such disputes provide the filing office with a copy of the administrative law judge's decision. This changes the process for handling disputes but does not alter the underlying commercial law or affect most consumers.
Bill status
in committee
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 10, 2025
Last action Apr 30, 2025
Floor votes · House Mar 31, 2025
How they voted
98–0
Passed · 2 other
Total votes 100
Mar 31, 2025
D
Democratic22
100% Yea
R
Republican78
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
21
Key actions
12
Committee
13
Mar 31, 2025
House · Passed
House Vote: pass (98-0-2)
house
Mar 26, 2025
Lower · Passed
Rec. for pass; ref to Calendar & Rules Committee
lower
Mar 26, 2025
Lower · Passed
Placed on cal. Calendar & Rules Committee for 3/27/2025
lower
Mar 19, 2025
Lower · Passed
Action def. in Judiciary Committee to 3/26/2025
lower
Mar 19, 2025
Lower · Passed
Placed on cal. Judiciary Committee for 3/26/2025
lower
Mar 12, 2025
Lower · Passed
Action def. in Judiciary Committee to 3/19/2025
lower
Mar 12, 2025
Lower · Passed
Placed on cal. Judiciary Committee for 3/19/2025
lower
Mar 5, 2025
Lower · Passed
Rec. for pass; ref to Judiciary Committee
lower
Mar 5, 2025
Lower · Passed
Placed on cal. Judiciary Committee for 3/12/2025
lower
Feb 26, 2025
Lower · Passed
Rec. for pass by s/c ref. to Commerce Committee
lower
Feb 26, 2025
Lower · Passed
Placed on cal. Commerce Committee for 3/5/2025
lower
Feb 19, 2025
Lower · Passed
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/26/2025
lower
Feb 12, 2025
Committee
P2C, ref. to Commerce Committee - Judiciary Committee
lower
Feb 12, 2025
Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
lower
Feb 10, 2025
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
William Lamberth
RRepublican
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