Tennessee · 114th Regular Session (2025-2026) · Bill

HB 316: Consumer Protection - As introduced, reduces, from $100 billion to $50 billion, the amount of assets held by a state or national bank, savings and loan association, savings bank, credit union, industrial loan and thrift, or mortgage lender that are necessary to fall within the definition of a financial institution for purposes of the application of certain consumer protections. - Amends TCA Title 4; Title 9; Title 45; Title 47 and Title 56.

In committee Last action March 26, 2025: Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee

Plain-language summary

HB 316 is a bill introduced in the Tennessee House on January 22, 2025. According to its official title, it concerns: Consumer Protection - As introduced, reduces, from $100 billion to $50 billion, the amount of assets held by a state or national bank, savings and loan association, savings bank, credit union, industrial loan and thrift, or mortgage lender that are necessary to fall within the definition of a financial institution for purposes of the application of certain consumer protections. - Amends TCA Title 4; Title 9; Title 45; Title 47 and Title 56. Primary sponsor: Tim Rudd (Republican). Most recent recorded action (March 26, 2025): Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee.

Sponsors

Primary sponsor: Tim Rudd (Republican).