Fabio
78 lines
4.0 KiB
Markdown
78 lines
4.0 KiB
Markdown
---
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type: "Bill"
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title: "Interest Rates - As enacted, increases, from 30 to 36 percent per annum, the maximum permitted effective rate of interest that may be contracted for by an industrial loan and thrift company on an unpaid balance where the amount financed is $100 or more; makes other related changes. - Amends TCA Title 45, Chapter 5."
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description: "Interest Rates - As enacted, increases, from 30 to 36 percent per annum, the maximum permitted effective rate of interest that may be contracted for by an industrial loan and thrift company on an unpaid balance where the amount financed is $100 or more; makes other related changes. - Amends TCA Title 45, Chapter 5."
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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: "SB 694"
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citation: "Tennessee SB 694 (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: ["Johnson"]
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version_count: 1
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action_count: 21
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vote_count: 3
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first_action: "2025-02-03"
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last_action: "2025-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/e78d173b-d9ce-4823-9d67-c3076ff96b20"
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source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=SB0694&ga=114"
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source_hash: "eef0276a3bebe3ec71725d570b3b781e529482623e9826ad2b822c5b641f4bb1"
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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 694 (114) — Interest Rates - As enacted, increases, from 30 to 36 percent per annum, the maximum permitted effective rate of interest that may be contracted for by an industrial loan and thrift company on an unpaid balance where the amount financed is $100 or more; makes other related changes. - Amends TCA Title 45, Chapter 5.
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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/SB0694.pdf)
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## Votes
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- FLOOR VOTE: Third Consideration 3/6/2025 Passed (1) — **22–4** (pass) · upper
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- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/17/2025 Passed (1) — **61–26** (pass) · lower
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- SENATE COMMERCE AND LABOR COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 2/25/2025 Passed (2) — **8–0** (pass) · upper
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## Sponsors
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- Johnson — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-03** Filed for introduction `filing`
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- **2025-02-10** Introduced, Passed on First Consideration `introduction`
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- **2025-02-12** Passed on Second Consideration, refer to Senate Commerce and Labor Committee `referral-committee`
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- **2025-02-18** Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
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- **2025-02-20** Sponsor(s) Added. `sponsorship`
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- **2025-02-25** Recommended for passage, refer to Senate Calendar Committee
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- **2025-02-27** Placed on Senate Consent Calendar 2 for 3/3/2025
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- **2025-03-03** Senate Reset on calendar for 3-6-2025
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- **2025-03-04** Placed on Senate Regular Calendar for 3/6/2025
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- **2025-03-06** Engrossed; ready for transmission to House `receipt`
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- **2025-03-06** Passed Senate, Ayes 22, Nays 4, PNV 1 `passage`
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- **2025-03-10** Rcvd. from S., held on H. desk.
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- **2025-03-17** Passed H., Ayes 61, Nays 26, PNV 8 `passage`
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- **2025-03-17** Subst. for comp. HB. `substitution`
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- **2025-03-18** Signed by Senate Speaker `passage`
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- **2025-03-18** Enrolled and ready for signatures `enrolled`
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- **2025-03-19** Transmitted to Governor for action. `executive-receipt`
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- **2025-03-19** Signed by H. Speaker `passage`
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- **2025-03-25** Signed by Governor. `executive-signature`
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- **2025-04-08** Effective date(s) 07/01/2025
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- **2025-04-08** Pub. Ch. 70
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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/e78d173b-d9ce-4823-9d67-c3076ff96b20`. Confidence: reported (aggregated from official Tennessee legislature records).
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