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

HB 775: 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.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 775 is a bill introduced in the Tennessee House on February 4, 2025. According to its official title, it concerns: 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. Primary sponsor: Powers. Most recent recorded action (April 8, 2025): Comp. became Pub. Ch. 70.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

NameRolePartyChamberDistrict
PowersPrimary sponsorNot applicable (committee)——

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Comp. became Pub. Ch. 70
  2. Comp. SB subst.
  3. Sponsor(s) Added.
  4. H. Placed on Regular Calendar for 3/17/2025
  5. Rec. for pass; ref to Calendar & Rules Committee
  6. Placed on cal. Calendar & Rules Committee for 3/13/2025
  7. Rec. for pass by s/c ref. to Commerce Committee
  8. Placed on cal. Commerce Committee for 3/12/2025
  9. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/5/2025
  10. Sponsor(s) Added.
  11. Assigned to s/c Banking & Consumer Affairs Subcommittee
  12. P2C, ref. to Commerce Committee

Showing 12 most recent of 14 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source