Plain English Breakdown
The official source material does not specify how consumers are directly impacted or if they can report violations themselves.
Law Against Selling Fake Event Tickets
This law prohibits third-party sellers from selling speculative tickets and sets up enforcement by the Tennessee Attorney General's office with penalties of $5,000 per violation.
What This Bill Does
- Defines a speculative ticket as one that isn't in the seller's possession when they sell it, advertise it, or put it on sale.
- Forbids third-party sellers from selling or advertising speculative tickets.
- Requires the Tennessee Attorney General’s office to enforce this law and set up ways for people to report violations.
- Sets a penalty of $5,000 for each violation.
Who It Names or Affects
- Third-party ticket resellers who sell event tickets online or through other means.
Terms To Know
- Speculative ticket
- A ticket that isn't in the seller's possession when they try to sell it, advertise it, or put it up for sale.
Limits and Unknowns
- The law only applies to third-party sellers and not to people selling their own tickets.
- It is unclear how strictly this new rule will be enforced after the effective date of July 1, 2025.