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

SB 766: Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37.

Enacted Last action April 29, 2025: Pub. Ch. 258

Plain-language summary

SB 766 is a bill introduced in the Tennessee Senate on February 4, 2025. According to its official title, it concerns: Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a handling charge for certain payment instruments when the payment instrument is not paid by the financial institution from which the instrument is drawn. - Amends TCA Title 56, Chapter 37. Primary sponsor: Paul Bailey (Republican). Most recent recorded action (April 29, 2025): Pub. Ch. 258.

Sponsors

Primary sponsor: Paul Bailey (Republican).