Motor Vehicles - As introduced, enacts the "Tennessee Vehicle Value Protection Product Act." - Amends TCA Title 47; Title 55 and Title 56.

Summary

The bill defines and regulates contracts that promise a benefit when a vehicle’s value drops, is totaled, or is stolen. It bars dealers and lenders from making credit terms depend on buying such agreements and requires providers to back their promises with an insurance guarantee. The goal is to give car buyers clear, enforceable protection without forcing them to purchase it.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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