Bill Commons

TN HB 908

enacted

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.

Tennessee · 114S1 · lower

Quick answers

Did TN HB 908 pass?

Yes. TN HB 908 has been enacted into law as of 2025-04-28. 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

  1. 2025-02-04

    Filed for introduction

    filing

  2. 2025-02-05

    Intro., P1C.

    introduction

  3. 2025-02-06

    P2C, ref. to Commerce Committee

    referral-committee

  4. 2025-02-10

    Assigned to s/c Banking & Consumer Affairs Subcommittee

    referral-committee

  5. 2025-02-12

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025

  6. 2025-02-19

    Placed on cal. Commerce Committee for 2/26/2025

  7. 2025-02-19

    Rec. for pass by s/c ref. to Commerce Committee

    committee-passage-favorable

  8. 2025-02-26

    Placed on cal. Calendar & Rules Committee for 2/27/2025

  9. 2025-02-26

    Rec. for pass; ref to Calendar & Rules Committee

    committee-passage-favorable

  10. 2025-02-27

    H. Placed on Consent Calendar for 3/3/2025

  11. 2025-03-03

    Passed H., Ayes 90, Nays 0, PNV 0

    passage

  12. 2025-03-04

    Engrossed; ready for transmission to Sen.

    receipt

  13. 2025-03-06

    Received from House, Passed on First Consideration

    introduction

  14. 2025-03-17

    Senate Reset on calendar for 3/20/2025

  15. 2025-03-17

    Senate substituted House Bill for companion Senate Bill.

    substitution

  16. 2025-03-18

    Placed on Senate Regular Calendar for 3/20/2025

  17. 2025-03-20

    Senate Reset on calendar for 4/7/2025

  18. 2025-04-04

    Placed on Senate Regular Calendar for 4/7/2025

  19. 2025-04-07

    Passed Senate, Ayes 24, Nays 5, PNV 1

    passage

  20. 2025-04-08

    Enrolled; ready for sig. of H. Speaker.

    enrolled

  21. 2025-04-10

    Signed by H. Speaker

    passage

  22. 2025-04-14

    Signed by Senate Speaker

    passage

  23. 2025-04-16

    Transmitted to Governor for his action.

    executive-receipt

  24. 2025-04-24

    Signed by Governor.

    executive-signature

  25. 2025-04-28

    Effective date(s) 07/01/2025

  26. 2025-04-28

    Pub. Ch. 290

Versions

Documents

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

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:51.339172Z

Inspect retained evidence for changes recorded after evidence tracking began:

Session-wide evidence can include changes to other bills:

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=TN&identifier=HB 908. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.
  • Some documents have no extracted text yet, so version comparison may be limited.

See the methodology page for data sources and limitations.