SB 204 FISCAL NOTE Fiscal Review Committee Tennessee General Assembly January 30, 2025 Fiscal Analyst: Arielle Woodmore | Email: arielle.woodmore@capitol.tn.gov | Phone: 615-741-2564 SB 204 SUMMARY OF BILL: Limits, to one time in a calendar year, the number of times that a person is permitted to contact a property owner to make an unsolicited request or offer to buy the property owner's property. Requires a person to provide the property owner with specified contact information prior to making an unsolicited offer. Authorizes a property owner who believes a person has violated the limitation to submit a complaint to the Consumer Affairs Division in the Office of the Attorney General (AG). Requires the AG to begin investigating a complaint within 20 business days from the date the complaint is submitted, and provide written notice of the investigation to the property owner. Authorizes a court to assess a civil penalty up to $2,000 per violation as well as other reasonable costs and expenses. Prohibits a person from knowingly using any caller identification service to transmit misleading or inaccurate caller identification information to circumvent the limitation, and makes doing so an offense of caller identification spoofing. Authorizes a court to issue orders and injunctions to prevent and restrain violations of this Act. FISCAL IMPACT: NOT SIGNIFICANT Assumptions: • Per the proposed legislation, “person” means a natural person, individual, partnership, corporation, trust, estate, incorporated or unincorporated association, and any other legal or commercial entity however organized, including any affiliate. • Any increase in the number of complaints handled by the AG is estimated to be not significant and can be handled by existing staff during normal work hours. • Any additional AG duties resulting from the proposed legislation will be absorbed using existing resources. • Pursuant to Tenn. Code Ann. §§ 47-18-2302 and 47-18-2304, the offense of caller identification spoofing is a Class A misdemeanor, with a maximum civil penalty of $30,000, paid into the General Fund. • There will not be a sufficient change in the number of prosecutions for state or local government to experience any significant change in revenue or expenditures. • Any additional workload on the courts, as a result of this legislation, can be accommodated within existing resources and personnel. SB 204 2 • Based on the Fiscal Review Committee’s 2008 study and the Administrative Office of the Courts’ 2012 study on collection of court costs, fees, and fines, collection in criminal cases is insignificant. The proposed legislation will not significantly change state or local revenue. IMPACT TO COMMERCE: NOT SIGNIFICANT Assumption: • Any impact to commerce or jobs in Tennessee is estimated to be not significant. CERTIFICATION: The information contained herein is true and correct to the best of my knowledge. Bojan Savic, Executive Director