Bill Sponsor
Tennessee House Bill 908
Session 114
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.
Became Law
Became Law
Signed by Governor on Apr 24, 2025
First Action
Feb 4, 2025
Latest Action
Apr 28, 2025
Origin Chamber
House
Type
Bill
Bill Number
908
State
Tennessee
Session
114
Sponsorship by Party
Republican
Primary
House Votes (5)
Senate Votes (1)
Motion Text
FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed
Summary
Unavailable
04/28/2025
House
Pub. Ch. 290
04/28/2025
House
Effective date(s) 07/01/2025
04/24/2025
House
Signed by Governor.
04/16/2025
House
Transmitted to Governor for his action.
04/14/2025
Senate
Signed by Senate Speaker
04/10/2025
House
Signed by H. Speaker
04/08/2025
House
Enrolled; ready for sig. of H. Speaker.
04/07/2025
Senate
Passed Senate, Ayes 24, Nays 5, PNV 1
04/04/2025
House
Placed on Senate Regular Calendar for 4/7/2025
03/20/2025
House
Senate Reset on calendar for 4/7/2025
03/18/2025
House
Placed on Senate Regular Calendar for 3/20/2025
03/17/2025
House
Senate substituted House Bill for companion Senate Bill.
03/17/2025
House
Senate Reset on calendar for 3/20/2025
03/06/2025
House
Received from House, Passed on First Consideration
03/04/2025
House
Engrossed; ready for transmission to Sen.
03/03/2025
House
Passed H., Ayes 90, Nays 0, PNV 0
02/27/2025
House
H. Placed on Consent Calendar for 3/3/2025
02/26/2025
House
Rec. for pass; ref to Calendar & Rules Committee
02/26/2025
House
Placed on cal. Calendar & Rules Committee for 2/27/2025
02/19/2025
House
Rec. for pass by s/c ref. to Commerce Committee
02/19/2025
House
Placed on cal. Commerce Committee for 2/26/2025
02/12/2025
House
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
02/10/2025
House
Assigned to s/c Banking & Consumer Affairs Subcommittee
02/06/2025
House
P2C, ref. to Commerce Committee
02/05/2025
House
Intro., P1C.
02/04/2025
House
Filed for introduction
Sources
Record Created
Feb 7, 2025 6:53:33 AM
Record Updated
May 7, 2025 5:07:09 PM