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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill Interest Rates - As enacted, removes the weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction and the 30-year treasury yield as the two bases upon which the maximum effective rate of interest on home loans may be set by the commissioner of financial institutions, and replaces them with the average prime offer rate. - Amends TCA Title 45 and Title 47. Interest Rates - As enacted, removes the weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction and the 30-year treasury yield as the two bases upon which the maximum effective rate of interest on home loans may be set by the commissioner of financial institutions, and replaces them with the average prime offer rate. - Amends TCA Title 45 and Title 47. us/states/tn Tennessee General Assembly 114 HB 908 Tennessee HB 908 (114)
bill
Interest Rates
enacted
Garrett
1 26 6 2025-02-04 2025-04-28 openstates ocd-bill/85763fa1-e136-485a-ba02-ae8beea41ae2 https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB0908&ga=114 bbc7b9efed9ae619f5817d517a67927319c983a0410ae411be9c45f64f4b40fd 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-tn

Tennessee HB 908 (114) — Interest Rates - As enacted, removes the weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction and the 30-year treasury yield as the two bases upon which the maximum effective rate of interest on home loans may be set by the commissioner of financial institutions, and replaces them with the average prime offer rate. - Amends TCA Title 45 and Title 47.

Version chain

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

  1. Current Version (committee substitute) — source

Votes

  • HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025 2/27/2025 (2) — 00 (fail) · lower
  • FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed (1) — 900 (pass) · lower
  • FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed — 2370 (fail) · lower
  • FLOOR VOTE: Third Consideration 4/7/2025 Passed (1) — 245 (pass) · upper
  • HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/26/2025 Passed (3) — 220 (pass) · lower
  • HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/19/2025 Passed (4) — 50 (pass) · lower

Sponsors

  • Garrett — primary (person)

Timeline

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

  • 2025-02-04 Filed for introduction filing
  • 2025-02-05 Intro., P1C. introduction
  • 2025-02-06 P2C, ref. to Commerce Committee referral-committee
  • 2025-02-10 Assigned to s/c Banking & Consumer Affairs Subcommittee referral-committee
  • 2025-02-12 Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
  • 2025-02-19 Placed on cal. Commerce Committee for 2/26/2025
  • 2025-02-19 Rec. for pass by s/c ref. to Commerce Committee committee-passage-favorable
  • 2025-02-26 Placed on cal. Calendar & Rules Committee for 2/27/2025
  • 2025-02-26 Rec. for pass; ref to Calendar & Rules Committee committee-passage-favorable
  • 2025-02-27 H. Placed on Consent Calendar for 3/3/2025
  • 2025-03-03 Passed H., Ayes 90, Nays 0, PNV 0 passage
  • 2025-03-04 Engrossed; ready for transmission to Sen. receipt
  • 2025-03-06 Received from House, Passed on First Consideration introduction
  • 2025-03-17 Senate Reset on calendar for 3/20/2025
  • 2025-03-17 Senate substituted House Bill for companion Senate Bill. substitution
  • 2025-03-18 Placed on Senate Regular Calendar for 3/20/2025
  • 2025-03-20 Senate Reset on calendar for 4/7/2025
  • 2025-04-04 Placed on Senate Regular Calendar for 4/7/2025
  • 2025-04-07 Passed Senate, Ayes 24, Nays 5, PNV 1 passage
  • 2025-04-08 Enrolled; ready for sig. of H. Speaker. enrolled
  • 2025-04-10 Signed by H. Speaker passage
  • 2025-04-14 Signed by Senate Speaker passage
  • 2025-04-16 Transmitted to Governor for his action. executive-receipt
  • 2025-04-24 Signed by Governor. executive-signature
  • 2025-04-28 Effective date(s) 07/01/2025
  • 2025-04-28 Pub. Ch. 290

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/85763fa1-e136-485a-ba02-ae8beea41ae2. Confidence: reported (aggregated from official Tennessee legislature records).