Real Property - As enacted, provides that a provision of a document requiring a transferor or transferee to pay a fee, charge, assessment, dues, contribution, deposit, or other amount to purchase, issue, reissue, maintain, or transfer a club membership that is related to the real property or the community in which the property is sited is not a transfer fee covenant. - Amends TCA Title 66.
HB 2495 increases the required notice period for real estate wholesalers from three to five business days. Specifically, it amends Tennessee law to require buyers engaging in property wholesaling to provide sellers with at least five business days' notice before transferring their interest in a property. This change directly affects real estate buyers who assign their purchase rights to another buyer before closing. The bill modifies Tennessee Code Annotated, Title 66, Section 66-4-403(a)(1)(B), to extend the notice timeframe without altering other transaction requirements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2026
Last action May 4, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
4
Committee
7
Mar 25, 2026
Lower · Passed
Placed on cal. Calendar & Rules Committee for 3/26/2026
lower
Mar 18, 2026
Lower · Passed
Rec. for pass. if am., ref. to Calendar & Rules Committee
lower
Mar 11, 2026
Committee
Rec for pass if am by s/c ref. to State & Local Government Committee
lower
Mar 11, 2026
Lower · Passed
Placed on cal. State & Local Government Committee for 3/18/2026
lower
Mar 4, 2026
Lower · Passed
Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026
lower
Mar 3, 2026
Committee
Ref. to State & Local Government Committee
lower
Mar 3, 2026
Committee
Assigned to s/c Cities & Counties Subcommittee
lower
Feb 4, 2026
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Andrew Farmer
RRepublican
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