SB1280Introduced in the Senate
AN ACT to amend Tennessee Code Annotated, Title 45, relative to financial institutions.
Introduced by Jack Johnson, District 27
What does this bill do?
Plain-English breakdown
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Official description
As introduced, requires a state-chartered bank to obtain an annual audit of its financial statements at intervals of no longer than 15 months, unless the bank's financial statements are included in the audit of its holding company's consolidated statements; requires the board to review, discuss, and record the audit in meeting minutes; requires each bank to provide the commissioner of financial institutions with a copy of the external audit within 45 days of receiving the audit; requires each bank to notify the commissioner whenever an independent public accountant is engaged to perform external auditing work, or when a change or termination of the bank's independent accountant occurs. - Amends TCA Title 45.
Where it stands
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
February 12, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Filed for introduction
Introduced, Passed on First Consideration
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
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