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Tennessee Bill Requiring Loan Signings To Be Handled By Attorneys Fails

A bill before the Tennessee General Assembly that would have barred Notary Signing Agents from handling the signings of some home loans has been withdrawn by its sponsor, preserving the role of Notaries in the real estate loan signing process.

HB 68, introduced by Rep. G.A. Hardaway of Memphis, sought to amend the Tennessee Home Loan Protection Act (THLPA) to require the closing of certain types of home loans, such as refinances and home equity loans, to be supervised by an attorney. Hardaway did not disclose the reason for his withdrawal.

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