---
type: "Bill"
title: "Banks and Financial Institutions - As enacted, increases the maximum annual interest rate (or equivalent daily, weekly, monthly, or quarterly rate) that a bank may charge and collect with respect to extensions of credit made on credit card accounts from 21 percent to 30 percent. - Amends TCA Title 45, Chapter 2, Part 19."
description: "Banks and Financial Institutions - As enacted, increases the maximum annual interest rate (or equivalent daily, weekly, monthly, or quarterly rate) that a bank may charge and collect with respect to extensions of credit made on credit card accounts from 21 percent to 30 percent. - Amends TCA Title 45, Chapter 2, Part 19."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "110"
identifier: "SB 997"
citation: "Tennessee SB 997 (110)"
classification: ["bill"]
subjects: ["Banks and Financial Institutions"]
status: "enacted"
primary_sponsors: ["Hazlewood", "Tracy"]
version_count: 1
action_count: 36
vote_count: 3
first_action: "2017-02-08"
last_action: "2017-05-03"
source: "openstates"
source_identifier: "ocd-bill/86056d58-ae85-467c-83ad-bfbf77448cef"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0997&GA=110"
source_hash: "7f8e75fec826388a649801d26672836575e0f49df12a8fc83c64ef436f1530e8"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 997 (110) — Banks and Financial Institutions - As enacted, increases the maximum annual interest rate (or equivalent daily, weekly, monthly, or quarterly rate) that a bank may charge and collect with respect to extensions of credit made on credit card accounts from 21 percent to 30 percent. - Amends TCA Title 45, Chapter 2, Part 19.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](http://www.capitol.tn.gov/Bills/110/Bill/SB0997.pdf)

## Votes

- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0 4/3/2017 Passed (2) — **8–0** (pass) · upper
- FLOOR VOTE: PASSAGE ON THIRD CONSIDERATION 4/17/2017 Passed (1) — **73–12** (pass) · lower
- FLOOR VOTE: THIRD CONSIDERATION AMENDED 4/13/2017 Passed (1) — **22–6** (pass) · upper

## Sponsors

- Hazlewood — primary (person)
- Tracy — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-08** Filed for intro. `introduction, reading-1`
- **2017-02-09** Introduced, Passed on First Consideration `introduction`
- **2017-02-09** Filed for introduction `introduction, reading-1`
- **2017-02-09** Intro., P1C. `introduction`
- **2017-02-13** Passed on Second Consideration, refer to Senate Commerce and Labor Committee
- **2017-02-13** P2C, ref. to Insurance and Banking Committee `referral-committee`
- **2017-02-14** Assigned to s/c Insurance and Banking Subcommittee `referral-committee`
- **2017-03-22** Placed on Senate Commerce and Labor Committee calendar for 3/28/2017
- **2017-03-22** Placed on s/c cal Insurance and Banking Subcommittee for 3/29/2017
- **2017-03-28** Placed on Senate Commerce and Labor Committee calendar for 4/3/2017
- **2017-03-28** Action deferred in Senate Commerce and Labor Committee to 4/4/2017
- **2017-03-29** Placed on cal. Insurance and Banking Committee for 4/4/2017
- **2017-03-29** Rec for pass if am by s/c ref. to Insurance and Banking Committee `referral-committee`
- **2017-04-03** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0
- **2017-04-04** Sponsor(s) Added.
- **2017-04-04** Rec. for pass. if am., ref. to Calendar & Rules Committee `committee-passage-favorable`
- **2017-04-05** Placed on cal. Calendar & Rules Committee for 4/6/2017
- **2017-04-06** Action def. in Calendar & Rules Committee to 4/13/2017
- **2017-04-11** Placed on Senate Regular Calendar calendar for 4/13/2017
- **2017-04-12** Placed on cal. Calendar & Rules Committee for 4/13/2017
- **2017-04-13** Engrossed; ready for transmission to House
- **2017-04-13** Passed Senate as amended, Ayes 22, Nays 6 `passage`
- **2017-04-13** Senate adopted Amendment (Amendment 1 - SA0274)
- **2017-04-13** H. Placed on Regular Calendar for 4/17/2017
- **2017-04-17** Passed H., Ayes 73, Nays 12, PNV 2 `passage`
- **2017-04-17** Am. withdrawn. (Amendment 1 - HA0295) `amendment-withdrawal`
- **2017-04-17** Subst. for comp. HB.
- **2017-04-17** Comp. SB subst.
- **2017-04-18** Enrolled and ready for signatures
- **2017-04-19** Signed by H. Speaker
- **2017-04-19** Signed by Senate Speaker
- **2017-04-20** Transmitted to Governor for action.
- **2017-04-28** Signed by Governor. `executive-signature`
- **2017-05-03** Pub. Ch. 225
- **2017-05-03** Effective date(s) 07/01/2017
- **2017-05-03** Comp. became Pub. Ch. 225

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/86056d58-ae85-467c-83ad-bfbf77448cef`. Confidence: reported (aggregated from official Tennessee legislature records).