Fabio
88 lines
5.1 KiB
Markdown
88 lines
5.1 KiB
Markdown
---
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type: "Bill"
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title: "Banks and Financial Institutions - As enacted, authorizes a credit union with a state charter to purchase a participation interest in a loan from a bank, another credit union, or another eligible organization, without requiring membership of the borrower of the loan. - Amends TCA Title 4; Title 39; Title 45; Title 47 and Title 48."
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description: "Banks and Financial Institutions - As enacted, authorizes a credit union with a state charter to purchase a participation interest in a loan from a bank, another credit union, or another eligible organization, without requiring membership of the borrower of the loan. - Amends TCA Title 4; Title 39; Title 45; Title 47 and Title 48."
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jurisdiction: "us/states/tn"
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legislature: "Tennessee General Assembly"
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session: "113"
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identifier: "SB 1286"
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citation: "Tennessee SB 1286 (113)"
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classification: ["bill"]
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subjects: ["Banks and Financial Institutions"]
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status: "enacted"
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primary_sponsors: ["Bailey"]
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version_count: 3
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action_count: 29
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vote_count: 3
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first_action: "2023-01-31"
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last_action: "2024-05-09"
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source: "openstates"
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source_identifier: "ocd-bill/f5e42d47-d667-4135-b23f-14471de85403"
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source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB1286&GA=113"
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source_hash: "54faba4b05b0dee9b5ad9ccbdddd92ec1929e70eae0731ec4da8a1dcc8b200c4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-tn"]
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---
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# Tennessee SB 1286 (113) — Banks and Financial Institutions - As enacted, authorizes a credit union with a state charter to purchase a participation interest in a loan from a bank, another credit union, or another eligible organization, without requiring membership of the borrower of the loan. - Amends TCA Title 4; Title 39; Title 45; Title 47 and Title 48.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Amendment HA0799** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Amend/HA0799.pdf)
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2. **Amendment SA0715** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Amend/SA0715.pdf)
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3. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/113/Bill/SB1286.pdf)
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## Votes
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- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/11/2024 Passed (1) — **83–0** (pass) · lower
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- FLOOR VOTE: as Amended Third Consideration 3/21/2024 Passed (1) — **28–0** (pass) · upper
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- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0 3/12/2024 Passed (2) — **8–0** (pass) · upper
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## Sponsors
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- Bailey — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-01-31** Filed for introduction `filing`
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- **2023-02-02** Introduced, Passed on First Consideration `introduction`
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- **2023-02-06** Passed on Second Consideration, refer to Senate Commerce and Labor Committee `passage`
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- **2023-03-07** Placed on Senate Commerce and Labor Committee calendar for 3/14/2023
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- **2023-03-14** Placed on Senate Commerce and Labor Committee calendar for 3/20/2023
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- **2023-03-14** Action deferred in Senate Commerce and Labor Committee to 3/21/2023
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- **2023-03-20** Placed on Senate Commerce and Labor Committee calendar for 3/21/2023
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- **2023-03-20** Action deferred in Senate Commerce and Labor Committee to 3/21/2023
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- **2023-03-21** Assigned to General Subcommittee of Senate Commerce and Labor Committee `referral-committee`
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- **2024-02-27** Placed on Senate Commerce and Labor Committee calendar for 3/5/2024
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- **2024-03-05** Action deferred in Senate Commerce and Labor Committee to 3/12/2024
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- **2024-03-06** Placed on Senate Commerce and Labor Committee calendar for 3/12/2024
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- **2024-03-08** Placed on Senate Commerce and Labor Committee calendar for 3/12/2024
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- **2024-03-12** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0
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- **2024-03-19** Placed on Senate Regular Calendar for 3/21/2024
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- **2024-03-21** Engrossed; ready for transmission to House `receipt`
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- **2024-03-21** Passed Senate as amended, Ayes 28, Nays 0 `passage`
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- **2024-03-21** Senate adopted Amendment (Amendment 1 - SA0715)
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- **2024-03-25** Rcvd. from S., held on H. desk.
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- **2024-04-11** Passed H., Ayes 83, Nays 0, PNV 4 `passage`
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- **2024-04-11** Am. withdrawn. (Amendment 1 - HA0799) `amendment-withdrawal`
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- **2024-04-11** Subst. for comp. HB. `substitution`
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- **2024-04-15** Enrolled and ready for signatures `enrolled`
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- **2024-04-16** Signed by H. Speaker `passage`
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- **2024-04-16** Signed by Senate Speaker `passage`
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- **2024-04-17** Transmitted to Governor for action. `executive-receipt`
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- **2024-04-29** Signed by Governor. `executive-signature`
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- **2024-05-09** Effective date(s) 07/01/2024
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- **2024-05-09** Pub. Ch. 803
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f5e42d47-d667-4135-b23f-14471de85403`. Confidence: reported (aggregated from official Tennessee legislature records).
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