SB0694Introduced in the Senate
AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 5, relative to industrial loan and thrift companies.
Introduced by Jack Johnson, District 27
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
Effective date(s) 07/01/2025
April 8, 2025
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
2 recorded votes · each counted separately
HouseStage: FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION · March 17, 2025
61
Yes
26
No
8
Absent or Not Voting
95 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 |
|---|---|---|
| John Crawford | 1 | Yes |
| Bud Hulsey | 2 | Not Voting |
| Timothy Hill | 3 | Yes |
| Renea Jones | 4 | Yes |
| David Hawk | 5 | Yes |
| Tim Hicks | 6 | Yes |
| Rebecca Alexander | 7 | Yes |
| Jerome Moon | 8 | Yes |
| Gary Hicks | 9 | Yes |
| Rick Eldridge | 10 | Yes |
Bill history
Filed for introduction
Introduced, Passed on First Consideration
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
Sponsor(s) Added.
Recommended for passage, refer to Senate Calendar Committee
Placed on Senate Consent Calendar 2 for 3/3/2025
Senate Reset on calendar for 3-6-2025
Placed on Senate Regular Calendar for 3/6/2025
Passed Senate, Ayes 22, Nays 4, PNV 1
Engrossed; ready for transmission to House
Rcvd. from S., held on H. desk.
Subst. for comp. HB.
Passed H., Ayes 61, Nays 26, PNV 8
Enrolled and ready for signatures
Signed by Senate Speaker
Signed by H. Speaker
Transmitted to Governor for action.
Signed by Governor.
Pub. Ch. 70
Effective date(s) 07/01/2025
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