Interest 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.

Looking ahead

No hearings or votes scheduled.

History

1. 2025
   1. Apr 28Pub. Ch. 290Latest
   2. Apr 28Effective date(s) 07/01/2025
   3. Apr 24Signed by Governor Bill Lee.Became Law
   4. Apr 16Transmitted to Governor for his action.To Governor
   5. Apr 14Signed by Senate SpeakerMajor
   6. Apr 10Signed by H. SpeakerMajor
   7. Apr 8Enrolled; ready for sig. of H. Speaker.Minor
   8. Apr 7Passed Senate, Ayes 24, Nays 5, PNV 1Passed Senate
      • Vote recorded FLOOR VOTE: Third Consideration 4/7/2025 Passed. Result: pass.Upper
   9. Apr 4Placed on Senate Regular Calendar for 4/7/2025
   10. Mar 27
       • Vote recorded FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed. Result: fail.Lower
   11. Mar 20Senate Reset on calendar for 4/7/2025
   12. Mar 18Placed on Senate Regular Calendar for 3/20/2025
   13. Mar 17Senate substituted House Bill for companion Senate Bill.Major
   14. Mar 17Senate Reset on calendar for 3/20/2025
   15. Mar 6Received from House, Passed on First ConsiderationMinor
   16. Mar 4Engrossed; ready for transmission to Sen.Minor
   17. Mar 3Passed H., Ayes 90, Nays 0, PNV 0Passed House
       • Vote recorded HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025 2/27/2025. Result: fail.Lower
       • Vote recorded FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed. Result: pass.Lower
   18. Feb 27H. Placed on Consent Calendar for 3/3/2025
   19. Feb 26Rec. for pass; ref to Calendar & Rules CommitteeMinor
       • Vote recorded HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/26/2025 Passed. Result: pass.Lower
   20. Feb 26Placed on cal. Calendar & Rules Committee for 2/27/2025
   21. Feb 19Rec. for pass by s/c ref. to Commerce CommitteeMinor
       • Vote recorded HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/19/2025 Passed. Result: pass.Lower
   22. Feb 19Placed on cal. Commerce Committee for 2/26/2025
   23. Feb 12Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
   24. Feb 10Assigned to s/c Banking & Consumer Affairs SubcommitteeMinor
   25. Feb 6P2C, ref. to Commerce CommitteeMinor
   26. Feb 5Intro., P1C.Minor
   27. Feb 4Filed for introductionIntroduced