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Notice of Effective Date for New Rules, Auctioneer Commission 04/17/2020

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Notice of Effective Date for New Rules for
Tennessee Auctioneer Commission

Pursuant to Tenn. Code Ann. § 4-3-1306(d), you are receiving this notice because you have elected to receive notification by e-mail of certain changes or potential changes to the law applicable to your profession.

The Tennessee Auctioneer Commission approved these rules at a rulemaking hearing during a regularly scheduled meeting conducted on February 24, 2020. These rules were filed with the Secretary of State on April 13, 2020 and will become effective on July 12, 2020. These rules have been filed as Rulemaking Hearing Rules and will be promulgated (90) days from the filing date.

The proposed rules are in response to recent statutory changes made with the passage of Public Chapter 471 and signed into law on May 24, 2019 by Governor Bill Lee. These statutes were passed as a result of the findings from the Auctioneer Law Modernization Task Force. The proposed rules make amendments to two (2) different chapters and a total of twenty (20) different rules. A majority of the rules update the new language provided in the Public Chapter, including the updated titles of affiliate auctioneer and principal auctioneer. Additionally, all references to galleries and firms were removed as those licenses were repealed. These rules also help clarify the requirements for licensure, escrow account requirements, continuing education, qualifying education, as well as, standards and regulations for auctioneers. The rules also include a new fee for bid caller licensees and remove the fee for pocket card licenses.

These rules are not subject to any portion of the pending litigation. Prior to drafting and presentation of the rules to the Commission, the Attorney General’s Office was consulted on this rulemaking project.

A full copy of these rules can be viewed online at https://publications.tnsosfiles.com/rules_filings/04-19-20.pdf 

If you have any questions or concerns about these proposed rules, please contact Anna Matlock, Associate General Counsel, at (615) 741-3072 or electronically at Anna.Matlock@tn.gov.

 

Dept. of Commerce & Insurance | 500 James Robertson Pkwy | Nashville, TN 37243-0565
(615) 741-2241
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