Tennessee · 114th Regular Session (2025-2026) · Bill
SB 694: 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.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 694 is a bill introduced in the Tennessee Senate on February 3, 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: Johnson. Most recent recorded action (April 8, 2025): 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
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Johnson | Primary sponsor | Not 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
- Pub. Ch. 70
- Effective date(s) 07/01/2025
- Signed by Governor.
- Signed by H. Speaker
- Transmitted to Governor for action.
- Enrolled and ready for signatures
- Signed by Senate Speaker
- Subst. for comp. HB.
- Passed H., Ayes 61, Nays 26, PNV 8
- Rcvd. from S., held on H. desk.
- Passed Senate, Ayes 22, Nays 4, PNV 1
- Engrossed; ready for transmission to House
Showing 12 most recent of 21 actions. Full history