Tennessee 114th General Assembly Status: Enacted 3 R cosponsors

HB 0775 — AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 5, relative to industrial loan and thrift companies.

Last action — Comp. became Pub. Ch. 70

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 03, 2025. Enacted.

Signed by Governor Bill Lee (Republican) on March 18, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 76% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.

Bill Text

Action History

  1. Filed for introduction

  2. Introduced, Passed on First Consideration

  3. Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  4. Placed on Senate Commerce and Labor Committee calendar for 2/25/2025

  5. Sponsor(s) Added.

  6. Recommended for passage, refer to Senate Calendar Committee

  7. Placed on Senate Consent Calendar 2 for 3/3/2025

  8. Senate Reset on calendar for 3-6-2025

  9. Placed on Senate Regular Calendar for 3/6/2025

  10. Passed Senate, Ayes 22, Nays 4, PNV 1

  11. Engrossed; ready for transmission to House

  12. Rcvd. from S., held on H. desk.

  13. Subst. for comp. HB.

  14. Passed H., Ayes 61, Nays 26, PNV 8

  15. Enrolled and ready for signatures

  16. Signed by Senate Speaker

  17. Signed by H. Speaker

  18. Transmitted to Governor for action.

  19. Signed by Governor.

  20. Pub. Ch. 70

  21. Effective date(s) 07/01/2025

  22. Filed for introduction

  23. Intro., P1C.

  24. P2C, ref. to Commerce Committee

  25. Assigned to s/c Banking & Consumer Affairs Subcommittee

  26. Sponsor(s) Added.

  27. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/5/2025

  28. Rec. for pass by s/c ref. to Commerce Committee

  29. Placed on cal. Commerce Committee for 3/12/2025

  30. Rec. for pass; ref to Calendar & Rules Committee

  31. Placed on cal. Calendar & Rules Committee for 3/13/2025

  32. H. Placed on Regular Calendar for 3/17/2025

  33. Comp. SB subst.

  34. Sponsor(s) Added.

  35. Comp. became Pub. Ch. 70

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 130 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (130)

130 members have not signed on to this bill.

Show all 130 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 0775 do?
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.
Who sponsors HB 0775?
HB 0775 is sponsored by Powers, Dennis (Republican), Lamberth, William (Republican), and Hale, Michael (Republican).
What is the current status of HB 0775?
This bill has been enacted into law. Introduced February 03, 2025. Enacted.
Where can I track HB 0775?
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Last checked for changes 3 months ago · updated continuously

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