Fabio
86 lines
5.1 KiB
Markdown
86 lines
5.1 KiB
Markdown
---
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type: "Bill"
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title: "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."
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description: "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."
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jurisdiction: "us/states/tn"
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legislature: "Tennessee General Assembly"
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session: "114"
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identifier: "HB 908"
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citation: "Tennessee HB 908 (114)"
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classification: ["bill"]
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subjects: ["Interest Rates"]
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status: "enacted"
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primary_sponsors: ["Garrett"]
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version_count: 1
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action_count: 26
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vote_count: 6
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first_action: "2025-02-04"
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last_action: "2025-04-28"
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source: "openstates"
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source_identifier: "ocd-bill/85763fa1-e136-485a-ba02-ae8beea41ae2"
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source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=HB0908&ga=114"
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source_hash: "bbc7b9efed9ae619f5817d517a67927319c983a0410ae411be9c45f64f4b40fd"
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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 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.
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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. **Current Version** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Bill/HB0908.pdf)
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## Votes
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- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025 2/27/2025 (2) — **0–0** (fail) · lower
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- FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed (1) — **90–0** (pass) · lower
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- FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed — **23–70** (fail) · lower
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- FLOOR VOTE: Third Consideration 4/7/2025 Passed (1) — **24–5** (pass) · upper
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- HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/26/2025 Passed (3) — **22–0** (pass) · lower
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- HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/19/2025 Passed (4) — **5–0** (pass) · lower
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## Sponsors
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- Garrett — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-04** Filed for introduction `filing`
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- **2025-02-05** Intro., P1C. `introduction`
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- **2025-02-06** P2C, ref. to Commerce Committee `referral-committee`
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- **2025-02-10** Assigned to s/c Banking & Consumer Affairs Subcommittee `referral-committee`
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- **2025-02-12** Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
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- **2025-02-19** Placed on cal. Commerce Committee for 2/26/2025
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- **2025-02-19** Rec. for pass by s/c ref. to Commerce Committee `committee-passage-favorable`
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- **2025-02-26** Placed on cal. Calendar & Rules Committee for 2/27/2025
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- **2025-02-26** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
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- **2025-02-27** H. Placed on Consent Calendar for 3/3/2025
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- **2025-03-03** Passed H., Ayes 90, Nays 0, PNV 0 `passage`
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- **2025-03-04** Engrossed; ready for transmission to Sen. `receipt`
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- **2025-03-06** Received from House, Passed on First Consideration `introduction`
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- **2025-03-17** Senate Reset on calendar for 3/20/2025
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- **2025-03-17** Senate substituted House Bill for companion Senate Bill. `substitution`
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- **2025-03-18** Placed on Senate Regular Calendar for 3/20/2025
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- **2025-03-20** Senate Reset on calendar for 4/7/2025
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- **2025-04-04** Placed on Senate Regular Calendar for 4/7/2025
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- **2025-04-07** Passed Senate, Ayes 24, Nays 5, PNV 1 `passage`
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- **2025-04-08** Enrolled; ready for sig. of H. Speaker. `enrolled`
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- **2025-04-10** Signed by H. Speaker `passage`
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- **2025-04-14** Signed by Senate Speaker `passage`
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- **2025-04-16** Transmitted to Governor for his action. `executive-receipt`
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- **2025-04-24** Signed by Governor. `executive-signature`
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- **2025-04-28** Effective date(s) 07/01/2025
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- **2025-04-28** Pub. Ch. 290
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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/85763fa1-e136-485a-ba02-ae8beea41ae2`. Confidence: reported (aggregated from official Tennessee legislature records).
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