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
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 5, relative to industrial loan and thrift companies.” Read the full text
114th general assembly (2025-2026)
What it does
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. Companion bill has been assigned Public Chapter Number 70 by the Secretary of State.
From the official legislative record, shown verbatim. Not legal advice.
Where it is
Show all 34 actions
Filed for introduction · Feb 3, 2025
Senate
Introduced, Passed on First Consideration · Feb 10, 2025
Senate
Passed on Second Consideration, refer to Senate Commerce and Labor Committee · Feb 12, 2025
Senate
Placed on Senate Commerce and Labor Committee calendar for 2/25/2025 · Feb 18, 2025
Senate
Sponsor(s) Added. · Feb 20, 2025
Senate
Recommended for passage, refer to Senate Calendar Committee · Feb 25, 2025
Senate
Placed on Senate Consent Calendar 2 for 3/3/2025 · Feb 27, 2025
Senate
Senate Reset on calendar for 3-6-2025 · Mar 3, 2025
Senate
Placed on Senate Regular Calendar for 3/6/2025 · Mar 4, 2025
Senate
Passed Senate, Ayes 22, Nays 4, PNV 1 · Mar 6, 2025
Senate
Engrossed; ready for transmission to House · Mar 6, 2025
Senate
Rcvd. from S., held on H. desk. · Mar 10, 2025
House
Subst. for comp. HB. · Mar 17, 2025
House
Passed H., Ayes 61, Nays 26, PNV 8 · Mar 17, 2025
House
Enrolled and ready for signatures · Mar 18, 2025
Senate
Signed by Senate Speaker · Mar 18, 2025
Senate
Signed by H. Speaker · Mar 19, 2025
House
Transmitted to Governor for action. · Mar 19, 2025
Senate
Signed by Governor. · Mar 25, 2025
Senate
Pub. Ch. 70 · Apr 8, 2025
House
Effective date(s) 07/01/2025 · Apr 8, 2025
House
Filed for introduction · Feb 4, 2025
House
Intro., P1C. · Feb 5, 2025
House
P2C, ref. to Commerce Committee · Feb 6, 2025
House
Assigned to s/c Banking & Consumer Affairs Subcommittee · Feb 10, 2025
House
Sponsor(s) Added. · Feb 19, 2025
House
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/5/2025 · Feb 26, 2025
House
Rec. for pass by s/c ref. to Commerce Committee · Mar 5, 2025
House
Placed on cal. Commerce Committee for 3/12/2025 · Mar 5, 2025
House
Rec. for pass; ref to Calendar & Rules Committee · Mar 12, 2025
House
Placed on cal. Calendar & Rules Committee for 3/13/2025 · Mar 12, 2025
House
H. Placed on Regular Calendar for 3/17/2025 · Mar 13, 2025
House
Comp. SB subst. · Mar 17, 2025
House
Sponsor(s) Added. · Mar 17, 2025
House
The numbers
3
sponsors on the bill
Sponsors
Recorded votes
Rec. for pass; ref to Calendar & Rules CommitteeHouse · 2025-03-12 · Passed · Ayes 10, Noes 4
Rec. for pass by s/c ref. to Commerce CommitteeHouse · 2025-03-05 · Passed · Ayes 4, Noes 0
Roll-call results shown verbatim from the Tennessee legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: Sponsor(s) Added. (Mar 17, 2025).