HB 908
Pub
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.
- Tennessee
- House / Assembly
- Introduced Feb 4, 2025
- Session 114
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View on official siteLegislative Timeline
26 actions-
Pub. Ch. 290
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Effective date(s) 07/01/2025
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Signed by Governor.
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Transmitted to Governor for his action.
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Signed by Senate Speaker
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Signed by H. Speaker
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Enrolled; ready for sig. of H. Speaker.
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Passed Senate, Ayes 24, Nays 5, PNV 1
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Placed on Senate Regular Calendar for 4/7/2025
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Senate Reset on calendar for 4/7/2025
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Placed on Senate Regular Calendar for 3/20/2025
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Senate substituted House Bill for companion Senate Bill.
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Senate Reset on calendar for 3/20/2025
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Received from House, Passed on First Consideration
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Engrossed; ready for transmission to Sen.
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Passed H., Ayes 90, Nays 0, PNV 0
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H. Placed on Consent Calendar for 3/3/2025
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Rec. for pass; ref to Calendar & Rules Committee
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Placed on cal. Calendar & Rules Committee for 2/27/2025
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Rec. for pass by s/c ref. to Commerce Committee
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Placed on cal. Commerce Committee for 2/26/2025
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Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
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Assigned to s/c Banking & Consumer Affairs Subcommittee
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P2C, ref. to Commerce Committee
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Intro., P1C.
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Filed for introduction