AN ACT to amend Tennessee Code Annotated, Title 62 and Title 63, relative to professions.
Impact
The changes introduced by HB 2440 are significant for individuals in the real estate profession who choose to temporarily retire. By allowing licensees to reactivate their licenses under specified conditions, the bill aims to streamline the process for these individuals, potentially enhancing their ability to re-enter the workforce and provide real estate services. The stipulation that continuing education requirements must still be met ensures that reactivated licensees maintain their professional knowledge and skills, which is critical for the consumer protection associated with real estate transactions.
Summary
House Bill 2440 proposes amendments to the Tennessee Code Annotated, specifically Title 62 and Title 63, which pertain to professional licensing requirements. The bill seeks to provide a mechanism for retired professionals, particularly in the real estate sector, to reactivate their licenses if they have been temporarily retired and their licenses have lapsed due to non-payment of renewal fees. This reactivation process requires the payment of back renewal fees along with proof of completed continuing education hours that would have been necessary if the license had remained active.
Sentiment
Overall, the sentiment surrounding HB 2440 appears to be positive among stakeholders within the real estate community. Many view this bill as a supportive measure that acknowledges the needs of retired professionals who wish to maintain their ability to return to work without facing undue barriers. However, there may also be some concerns regarding the adequacy of continuing education requirements and whether they align with the practical realities faced by returning professionals.
Contention
While HB 2440 seems to receive generally favorable reviews, there may be debates about the adequacy of the measures in place for ensuring that returning licensees are sufficiently prepared. Questions may arise concerning the potential loopholes in the reactivation process, and whether the continuing education requirements sufficiently cover any changes in the regulatory environment or industry practices that retired professionals may have missed during their time away from active status. Addressing these concerns will be essential for ensuring the bill's effectiveness after its enactment.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 20; Title 33; Title 38; Title 40; Title 52; Title 55; Title 62; Title 63; Title 68; Title 70 and Title 76, relative to the Less is More Act of 2025.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 20; Title 33; Title 38; Title 40; Title 52; Title 55; Title 62; Title 63; Title 68; Title 70 and Title 76, relative to the Less is More Act of 2025.