Tennessee 114th General Assembly Status: Enacted 1 R cosponsors

SB 0749 — AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to interest on home loans.

Last action — Comp. became Pub. Ch. 290

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

This bill has been enacted into law. Introduced February 04, 2025. Enacted.

Signed by Governor Bill Lee (Republican) on April 10, 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 72% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 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, 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.

Bill Text

Action History

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to Commerce Committee

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

  5. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025

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

  7. Placed on cal. Commerce Committee for 2/26/2025

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

  9. Placed on cal. Calendar & Rules Committee for 2/27/2025

  10. H. Placed on Consent Calendar for 3/3/2025

  11. Passed H., Ayes 90, Nays 0, PNV 0

  12. Engrossed; ready for transmission to Sen.

  13. Received from House, Passed on First Consideration

  14. Senate substituted House Bill for companion Senate Bill.

  15. Senate Reset on calendar for 3/20/2025

  16. Placed on Senate Regular Calendar for 3/20/2025

  17. Senate Reset on calendar for 4/7/2025

  18. Placed on Senate Regular Calendar for 4/7/2025

  19. Passed Senate, Ayes 24, Nays 5, PNV 1

  20. Enrolled; ready for sig. of H. Speaker.

  21. Signed by H. Speaker

  22. Signed by Senate Speaker

  23. Transmitted to Governor for his action.

  24. Signed by Governor.

  25. Pub. Ch. 290

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

  27. Filed for introduction

  28. Introduced, Passed on First Consideration

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

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

  31. Action deferred in Senate Commerce and Labor Committee to 3/4/2025

  32. Placed on Senate Commerce and Labor Committee calendar for 3/4/2025

  33. Placed on Senate Commerce and Labor Committee calendar for 3/4/2025

  34. Action deferred in Senate Commerce & Labor Committee to 3/11/2025

  35. Placed on Senate Commerce and Labor Committee calendar for 3/11/2025

  36. Recommended for passage, refer to Senate Calendar Committee

  37. Placed on Senate Regular Calendar for 3/17/2025

  38. Companion House Bill substituted

  39. Comp. became Pub. Ch. 290

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 132 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (132)

132 members have not signed on to this bill.

Show all 132 →

"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 housing
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 SB 0749 do?
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.
Who sponsors SB 0749?
SB 0749 is sponsored by Yager, Ken (Republican).
What is the current status of SB 0749?
This bill has been enacted into law. Introduced February 04, 2025. Enacted.
Where can I track SB 0749?
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Last checked for changes 3 months ago · updated continuously

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