{"data":{"id":"us-tn/tenn.-code-ann.-55-27-102","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 55-27-102","heading":"Funds held in trust by a dealer","body":"All funds received by a dealer in a transaction involving the purchase or trade-in, or both, of a motor vehicle intended by the parties to the transaction to be used to: (1) Satisfy obligations secured by a lien or other security interest in a motor vehicle or other tangible personal property taken by the dealer as a trade-in in partial or complete consideration for the purchase of a motor vehicle; (2) Pay to the taxing authorities the sales or use tax collected by the dealer on the sale of a motor vehicle; or (3) Pay the fees imposed for the transfer of title, registration and licensing of the vehicle; are trust funds held in trust by the dealer for the benefit of the purchaser and/or the holder of the obligations secured by the lien or other security interest and/or the taxing authorities and registration officials, as their respective interests may appear. Acts 2009 , ch. 322, § 2.\nAll funds received by a dealer in a transaction involving the purchase or trade-in, or both, of a motor vehicle intended by the parties to the transaction to be used to:\n(1) Satisfy obligations secured by a lien or other security interest in a motor vehicle or other tangible personal property taken by the dealer as a trade-in in partial or complete consideration for the purchase of a motor vehicle;\n(2) Pay to the taxing authorities the sales or use tax collected by the dealer on the sale of a motor vehicle; or\n(3) Pay the fees imposed for the transfer of title, registration and licensing of the vehicle; are trust funds held in trust by the dealer for the benefit of the purchaser and/or the holder of the obligations secured by the lien or other security interest and/or the taxing authorities and registration officials, as their respective interests may appear.\nare trust funds held in trust by the dealer for the benefit of the purchaser and/or the holder of the obligations secured by the lien or other security interest and/or the taxing authorities and registration officials, as their respective interests may appear.","path":["TN Code","Title 55","Chapter 27"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"de116a3d3434ecbf11d383b8b4d80ac958a7f53bc08d0d2377002a28b76f5fcd","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-55-27-101","next":"us-tn/tenn.-code-ann.-55-27-103"},"notice":"GroundRules: Original legal text. Not legal advice."}