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Legislative record

SB 749STATE · TennesseeIntroduced

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.

Voted 4/28/2025View source

Summary

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Bill text

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Roll-call record

How representatives voted

7 yea·0 nay·1 other

Docket history

Action history

  1. 4/28/2025Comp. became Pub. Ch. 290
  2. 3/17/2025Companion House Bill substituted
  3. 3/14/2025Placed on Senate Regular Calendar for 3/17/2025
  4. 3/11/2025Recommended for passage, refer to Senate Calendar Committee
  5. 3/5/2025Placed on Senate Commerce and Labor Committee calendar for 3/11/2025
  6. 3/4/2025Action deferred in Senate Commerce & Labor Committee to 3/11/2025
  7. 2/25/2025Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
  8. 2/25/2025Action deferred in Senate Commerce and Labor Committee to 3/4/2025
  9. 2/18/2025Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
  10. 2/12/2025Passed on Second Consideration, refer to Senate Commerce and Labor Committee