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SB 694
  • Introduced
    Feb 03, 2025
  • Passed Senate
    Mar 06, 2025
  • Passed House
    Mar 17, 2025
  • Signed into Law
    Mar 25, 2025
SB 694
Tennessee Senate Bill
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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.
Last Action See all actions
executive • Apr 08, 2025: Effective date(s) 07/01/2025
Latest Bill Text See all bill texts
Introduced

Summary/Bill Text

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Votes
Feb 25, 2025, Senate
SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/25/2025 Passed (2)
YES: 8
NO: 0
OTHER: 0
YES: 8

NO: 0

    OTHER: 0
    Sources
    Mar 05, 2025, House
    HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 3/5/2025 Passed
    YES: 4
    NO: 0
    OTHER: 0
    YES: 4

    NO: 0

      OTHER: 0
      Sources
      Mar 06, 2025, Senate
      FLOOR VOTE: Third Consideration 3/6/2025 Passed (1)
      YES: 22
      NO: 4
      OTHER: 1
      YES: 22

      NO: 4

      NOT VOTING: 1

      Sources
      Mar 12, 2025, House
      HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/12/2025 Passed (3)
      YES: 10
      NO: 4
      OTHER: 0
      YES: 10

      NO: 4

      OTHER: 0
      Sources
      Mar 17, 2025, House
      FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/17/2025 Passed (1)
      YES: 61
      NO: 26
      OTHER: 8
      YES: 61

      NO: 26

      NOT VOTING: 8

      Sources
      Mar 17, 2025, House
      HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/17/2025 3/13/2025 (2)
      YES: 0
      NO: 0
      OTHER: 0
      YES: 0

        NO: 0

          OTHER: 0
          Sources
          Actions
          • Apr 08, 2025 | executive
            • Pub. Ch. 70
            • Effective date(s) 07/01/2025
          • Mar 25, 2025 | Senate
            • Signed by Governor.
          • Mar 19, 2025 | Senate
            • Transmitted to Governor for action.
          • Mar 19, 2025 | House
            • Signed by H. Speaker
          • Mar 18, 2025 | Senate
            • Enrolled and ready for signatures
            • Signed by Senate Speaker
          • Mar 17, 2025 | House
            • Subst. for comp. HB.
            • Passed H., Ayes 61, Nays 26, PNV 8
          • Mar 10, 2025 | House
            • Rcvd. from S., held on H. desk.
          • Mar 06, 2025 | Senate
            • Passed Senate, Ayes 22, Nays 4, PNV 1
            • Engrossed; ready for transmission to House
          • Mar 04, 2025 | Senate
            • Placed on Senate Regular Calendar for 3/6/2025
          • Mar 03, 2025 | Senate
            • Senate Reset on calendar for 3-6-2025
          • Feb 27, 2025 | Senate
            • Placed on Senate Consent Calendar 2 for 3/3/2025
          • Feb 25, 2025 | Senate
            • Recommended for passage, refer to Senate Calendar Committee
          • Feb 20, 2025 | Senate
            • Sponsor(s) Added.
          • Feb 18, 2025 | Senate
            • Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
          • Feb 12, 2025 | Senate
            • Passed on Second Consideration, refer to Senate Commerce and Labor Committee
          • Feb 10, 2025 | Senate
            • Introduced, Passed on First Consideration
          • Feb 03, 2025 | Senate
            • Filed for introduction
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