TN HB 908
enactedInterest 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.
Tennessee · 114S1 · lower
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Quick answers
Did TN HB 908 pass?
Yes. TN HB 908 has been enacted into law. Latest recorded action (2025-04-28): Pub. Ch. 290
What is TN HB 908 about?
TN HB 908 is a bill in the 114S1 titled “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.”.
Who sponsors TN HB 908?
Garrett is the primary sponsor of TN HB 908.
- Introduced
- 2025-02-05
- Latest action
- 2025-04-28 — Pub. Ch. 290
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Garrettprimary
Committees
Not provided by source.
Action timeline
Newest first
2025-04-28
Pub. Ch. 290
2025-04-28
Effective date(s) 07/01/2025
2025-04-24
Signed by Governor.
executive-signature
2025-04-16
Transmitted to Governor for his action.
executive-receipt
2025-04-14
Signed by Senate Speaker
passage
2025-04-10
Signed by H. Speaker
passage
2025-04-08
Enrolled; ready for sig. of H. Speaker.
enrolled
2025-04-07
Passed Senate, Ayes 24, Nays 5, PNV 1
passage
2025-04-04
Placed on Senate Regular Calendar for 4/7/2025
2025-03-20
Senate Reset on calendar for 4/7/2025
2025-03-18
Placed on Senate Regular Calendar for 3/20/2025
2025-03-17
Senate substituted House Bill for companion Senate Bill.
substitution
2025-03-17
Senate Reset on calendar for 3/20/2025
2025-03-06
Received from House, Passed on First Consideration
introduction
2025-03-04
Engrossed; ready for transmission to Sen.
receipt
2025-03-03
Passed H., Ayes 90, Nays 0, PNV 0
passage
2025-02-27
H. Placed on Consent Calendar for 3/3/2025
2025-02-26
Rec. for pass; ref to Calendar & Rules Committee
committee-passage-favorable
2025-02-26
Placed on cal. Calendar & Rules Committee for 2/27/2025
2025-02-19
Rec. for pass by s/c ref. to Commerce Committee
committee-passage-favorable
2025-02-19
Placed on cal. Commerce Committee for 2/26/2025
2025-02-12
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025
2025-02-10
Assigned to s/c Banking & Consumer Affairs Subcommittee
referral-committee
2025-02-06
P2C, ref. to Commerce Committee
referral-committee
2025-02-05
Intro., P1C.
introduction
2025-02-04
Filed for introduction
filing
Versions
Documents
- application/pdf(no extracted text yet)
- (no extracted text yet)
Votes
HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to Commerce Committee 2/19/2025 Passed (4)
2025-02-19 · pass · 5-0
HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 2/26/2025 Passed (3)
2025-02-26 · pass · 22-0
FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed (1)
2025-03-03 · pass · 90-0
HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025 2/27/2025 (2)
2025-03-03 · fail · 0-0
FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed
2025-03-27 · fail · 23-70
FLOOR VOTE: Third Consideration 4/7/2025 Passed (1)
2025-04-07 · pass · 24-5
Member-level votes (1)
- Hensley: not voting
Related bills
- Companion bill: SB 749
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-10-24T15:15:02.772802Z
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