Tennessee · 114th Regular Session (2025-2026) · Bill
HB 908: 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.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 908 is a bill introduced in the Tennessee House on February 4, 2025. According to its official title, it concerns: 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. Primary sponsor: Johnny Garrett (Republican). Most recent recorded action (April 28, 2025): Pub. Ch. 290.
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
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Johnny Garrett | Primary sponsor | Republican | House | 45 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Pub. Ch. 290
- Effective date(s) 07/01/2025
- Signed by Governor.
- Transmitted to Governor for his action.
- Signed by Senate Speaker
- Signed by H. Speaker
- Enrolled; ready for sig. of H. Speaker.
- Passed Senate, Ayes 24, Nays 5, PNV 1
- Placed on Senate Regular Calendar for 4/7/2025
- Senate Reset on calendar for 4/7/2025
- Placed on Senate Regular Calendar for 3/20/2025
- Senate substituted House Bill for companion Senate Bill.
Showing 12 most recent of 26 actions. Full history