SB 694
Pub
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.
- Tennessee
- Senate
- Introduced Feb 3, 2025
- Session 114
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View on official siteLegislative Timeline
21 actions-
Pub. Ch. 70
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Effective date(s) 07/01/2025
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Signed by Governor.
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Signed by H. Speaker
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Transmitted to Governor for action.
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Enrolled and ready for signatures
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Signed by Senate Speaker
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Subst. for comp. HB.
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Passed H., Ayes 61, Nays 26, PNV 8
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Rcvd. from S., held on H. desk.
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Passed Senate, Ayes 22, Nays 4, PNV 1
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Engrossed; ready for transmission to House
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Placed on Senate Regular Calendar for 3/6/2025
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Senate Reset on calendar for 3-6-2025
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Placed on Senate Consent Calendar 2 for 3/3/2025
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Recommended for passage, refer to Senate Calendar Committee
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Sponsor(s) Added.
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Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
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Passed on Second Consideration, refer to Senate Commerce and Labor Committee
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Introduced, Passed on First Consideration
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Filed for introduction