AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61 and Title 66, relative to ownership of residential rental property by business entities.

As introduced, requires corporations, limited liability companies, limited partnerships, and limited liability partnerships that purchase or acquire residential rental property in this state to register the property with the secretary of state. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61 and Title 66.