HB0775Introduced in the House
AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 5, relative to industrial loan and thrift companies.
Introduced by Dennis Powers, District 36
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Comp. became Pub. Ch. 70
April 8, 2025
How did lawmakers vote?
HouseStage: HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee · March 12, 2025
10
Yes
4
No
0
Absent or Not Voting
14 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Jerome Moon | 8 | Yes |
| Dennis Powers | 36 | Yes |
| Kelly Keisling | 38 | No |
| Michael Hale | 40 | Yes |
| Clark Boyd | 46 | Yes |
| Rush Bricken | 47 | Yes |
| John Clemmons | 55 | No |
| Susan Lynn | 57 | Yes |
| Shaundelle Brooks | 60 | No |
| Pat Marsh | 62 | Yes |
Bill history
Filed for introduction
Intro., P1C.
P2C, ref. to Commerce Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
Sponsor(s) Added.
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/5/2025
Rec. for pass by s/c ref. to Commerce Committee
Placed on cal. Commerce Committee for 3/12/2025
Rec. for pass; ref to Calendar & Rules Committee
Placed on cal. Calendar & Rules Committee for 3/13/2025
H. Placed on Regular Calendar for 3/17/2025
Comp. SB subst.
Sponsor(s) Added.
Comp. became Pub. Ch. 70
Verify the information
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