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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 • Feb 18, 2025: Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
Latest Bill Text See all bill texts
Introduced
Bill up for public hearing • House Commerce Committee
Add to calendar
Feb 26, 2025 09:00am
House Hearing Room I

Summary/Bill Text

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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 (1)
YES: 5
NO: 0
OTHER: 0
YES: 5

NO: 0

    OTHER: 0
    Sources
    Actions
    • 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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