SB 694STATE · TennesseeIntroduced
Interest Rates - As enacted, increases, from 30 to 36 percent per annum, the maximum permitted effective rate of interest that may be contracted for by an industrial loan and thrift company on an unpaid balance where the amount financed is $100 or more; makes other related changes. - Amends TCA Title 45, Chapter 5.
Latest action: Pub. Ch. 70
Voted: 4/8/2025
How representatives voted
0 yea·0 nay·9 other
- Ferrell HaileABSENT
State Senator · Republican · TN
- Kirk HastonABSENT
State Representative · Republican · TN
- Chris HurtABSENT
State Representative · Republican · TN
- Bryan TerryABSENT
State Representative · Republican · TN
- Bud HulseyABSENT
State Representative · Republican · TN
- Scott CepickyABSENT
State Representative · Republican · TN
- Ed ButlerABSENT
State Representative · Republican · TN
- Iris RudderABSENT
State Representative · Republican · TN
- Tom LeatherwoodABSENT
State Representative · Republican · TN
Action history
- 4/8/2025Pub. Ch. 70
- 4/8/2025Effective date(s) 07/01/2025
- 3/25/2025Signed by Governor.
- 3/19/2025Signed by H. Speaker
- 3/19/2025Transmitted to Governor for action.
- 3/18/2025Enrolled and ready for signatures
- 3/18/2025Signed by Senate Speaker
- 3/17/2025Subst. for comp. HB.
- 3/17/2025Passed H., Ayes 61, Nays 26, PNV 8
- 3/10/2025Rcvd. from S., held on H. desk.