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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.

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Legislative Timeline

21 actions
  1. Apr 8, 2025 lower
    Pub. Ch. 70
  2. Apr 8, 2025 lower
    Effective date(s) 07/01/2025
  3. Mar 25, 2025 lower
    Signed by Governor.
  4. Mar 19, 2025 lower
    Signed by H. Speaker
  5. Mar 19, 2025 lower
    Transmitted to Governor for action.
  6. Mar 18, 2025 lower
    Enrolled and ready for signatures
  7. Mar 18, 2025 upper
    Signed by Senate Speaker
  8. Mar 17, 2025 lower
    Subst. for comp. HB.
  9. Mar 17, 2025 lower
    Passed H., Ayes 61, Nays 26, PNV 8
  10. Mar 10, 2025 lower
    Rcvd. from S., held on H. desk.
  11. Mar 6, 2025 upper
    Passed Senate, Ayes 22, Nays 4, PNV 1
  12. Mar 6, 2025 lower
    Engrossed; ready for transmission to House
  13. Mar 4, 2025 lower
    Placed on Senate Regular Calendar for 3/6/2025
  14. Mar 3, 2025 lower
    Senate Reset on calendar for 3-6-2025
  15. Feb 27, 2025 lower
    Placed on Senate Consent Calendar 2 for 3/3/2025
  16. Feb 25, 2025 lower
    Recommended for passage, refer to Senate Calendar Committee
  17. Feb 20, 2025 lower
    Sponsor(s) Added.
  18. Feb 18, 2025 lower
    Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
  19. Feb 12, 2025 upper
    Passed on Second Consideration, refer to Senate Commerce and Labor Committee
  20. Feb 10, 2025 lower
    Introduced, Passed on First Consideration
  21. Feb 3, 2025 lower
    Filed for introduction
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