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SB 749
  • Introduced
    Feb 04, 2025
  • Passed Senate
  • Passed House
  • Signed into Law
SB 749
Tennessee Senate Bill
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Interest Rates - As introduced, 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.
Last Action See all actions
Senate • Mar 17, 2025: Companion House Bill substituted
Latest Bill Text See all bill texts
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Votes
Feb 19, 2025, House
HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/19/2025 Passed (4)
YES: 5
NO: 0
OTHER: 0
YES: 5

NO: 0

    OTHER: 0
    Sources
    Feb 26, 2025, House
    HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/26/2025 Passed (3)
    YES: 22
    NO: 0
    OTHER: 0
    YES: 22

    NO: 0

      OTHER: 0
      Sources
      Mar 03, 2025, House
      FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed (1)
      YES: 90
      NO: 0
      OTHER: 0
      YES: 90

      NO: 0

        OTHER: 0
        Sources
        Mar 03, 2025, House
        HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025 2/27/2025 (2)
        YES: 0
        NO: 0
        OTHER: 0
        YES: 0

          NO: 0

            OTHER: 0
            Sources
            Mar 11, 2025, Senate
            SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/11/2025 Passed (2)
            YES: 7
            NO: 0
            OTHER: 1
            YES: 7

            NO: 0

              NOT VOTING: 1

              Sources
              Mar 27, 2025, House
              FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed
              YES: 23
              NO: 70
              OTHER: 0
              YES: 23

              NO: 70

              OTHER: 0
              Sources
              Apr 07, 2025, Senate
              FLOOR VOTE: Third Consideration 4/7/2025 Passed (1)
              YES: 24
              NO: 5
              OTHER: 1
              YES: 24

              NO: 5

              NOT VOTING: 1

              Sources
              Actions
              • Mar 17, 2025 | Senate
                • Companion House Bill substituted
              • Mar 14, 2025 | Senate
                • Placed on Senate Regular Calendar for 3/17/2025
              • Mar 11, 2025 | Senate
                • Recommended for passage, refer to Senate Calendar Committee
              • Mar 05, 2025 | Senate
                • Placed on Senate Commerce and Labor Committee calendar for 3/11/2025
              • Mar 04, 2025 | Senate
                • Action deferred in Senate Commerce & Labor Committee to 3/11/2025
              • Feb 25, 2025 | Senate
                • Action deferred in Senate Commerce and Labor Committee to 3/4/2025
                • Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
                • Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
              • 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 04, 2025 | Senate
                • Filed for introduction
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