TennesseeInterest Rates - As enacted, removes the weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction and the 30-year treasury yield as the two bases upon which the maximum effective rate of interest on home loans may be set by the commissioner of financial institutions, and replaces them with the average prime offer rate. - Amends TCA Title 45 and Title 47.
What it does
Plain-language analysis is being updated.
Use the official record and source text while enrichment finishes.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Apr 28Comp. became Pub. Ch. 290Latest
- Mar 17Companion House Bill substitutedMajor
- Mar 14Placed on Senate Regular Calendar for 3/17/2025
- Mar 11Recommended for passage, refer to Senate Calendar Committee
- Vote recorded SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/11/2025 Passed. Result: pass.Upper
- Mar 5Placed on Senate Commerce and Labor Committee calendar for 3/11/2025
- Mar 4Action deferred in Senate Commerce & Labor Committee to 3/11/2025
- Feb 25Action deferred in Senate Commerce and Labor Committee to 3/4/2025
- Feb 25Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
- Feb 25Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
- Feb 18Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
- Feb 12Passed on Second Consideration, refer to Senate Commerce and Labor CommitteeMinor
- Feb 10Introduced, Passed on First ConsiderationMinor
- Feb 4Filed for introductionIntroduced