---
type: "Bill"
title: "Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37."
description: "Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "114"
identifier: "SB 766"
citation: "Tennessee SB 766 (114)"
classification: ["bill"]
subjects: ["Banks and Financial Institutions"]
status: "enacted"
primary_sponsors: ["Bailey"]
version_count: 1
action_count: 22
vote_count: 5
first_action: "2025-02-04"
last_action: "2025-04-29"
source: "openstates"
source_identifier: "ocd-bill/01d437ff-4ba0-4f97-b58e-9d7c2e997376"
source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=SB0766&ga=114"
source_hash: "a4b39efb1b08bd5bad184a013bdf3b495bbd98b302ed65f222f9609236e42553"
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 766 (114) — Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37.

## Version chain

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

1. **Current Version** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Bill/SB0766.pdf)

## Votes

- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 4/14/2025 4/10/2025 Passed — **17–3** (pass) · lower
- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/4/2025 Passed (2) — **7–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/3/2025 Failed — **48–27** (fail) · lower
- FLOOR VOTE: Motion to Adopt 3/10/2025 Passed (1) — **30–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/14/2025 Passed (1) — **82–12** (pass) · lower

## Sponsors

- Bailey — primary (person)

## Timeline

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

- **2025-02-04** Filed for introduction `filing`
- **2025-02-10** Introduced, Passed on First Consideration `introduction`
- **2025-02-12** Passed on Second Consideration, refer to Senate Commerce and Labor Committee `referral-committee`
- **2025-02-25** Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
- **2025-02-25** Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
- **2025-03-04** Recommended for passage, refer to Senate Calendar Committee
- **2025-03-07** Placed on Senate Consent Calendar 2 for 3/10/2025
- **2025-03-10** Engrossed; ready for transmission to House `receipt`
- **2025-03-10** Passed Senate, Ayes 30, Nays 0 `passage`
- **2025-03-13** Rcvd. from S., held on H. desk.
- **2025-04-03** Re-ref. Calendar & Rules Committee
- **2025-04-03** Subst. for comp. HB. `substitution`
- **2025-04-09** Placed on cal. Calendar & Rules Committee for 4/10/2025
- **2025-04-10** H. Placed on Regular Calendar for 4/14/2025
- **2025-04-14** Passed H., Ayes 82, Nays 12, PNV 0 `passage`
- **2025-04-16** Enrolled and ready for signatures `enrolled`
- **2025-04-17** Signed by Senate Speaker `passage`
- **2025-04-21** Transmitted to Governor for action. `executive-receipt`
- **2025-04-21** Signed by H. Speaker `passage`
- **2025-04-24** Signed by Governor. `executive-signature`
- **2025-04-29** Effective date(s) 04/24/2025
- **2025-04-29** Pub. Ch. 258

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/01d437ff-4ba0-4f97-b58e-9d7c2e997376`. Confidence: reported (aggregated from official Tennessee legislature records).