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

SB 749: 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.

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

SB 749 is a bill introduced in the Tennessee Senate 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: Ken Yager (Republican). Most recent recorded action (April 28, 2025): Comp. became 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

NameRolePartyChamberDistrict
Ken YagerPrimary sponsorRepublicanSenate12

“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. 290
  2. Companion House Bill substituted
  3. Placed on Senate Regular Calendar for 3/17/2025
  4. Recommended for passage, refer to Senate Calendar Committee
  5. Placed on Senate Commerce and Labor Committee calendar for 3/11/2025
  6. Action deferred in Senate Commerce & Labor Committee to 3/11/2025
  7. Action deferred in Senate Commerce and Labor Committee to 3/4/2025
  8. Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
  9. Placed on Senate Commerce and Labor Committee calendar for 3/4/2025
  10. Placed on Senate Commerce and Labor Committee calendar for 2/25/2025
  11. Passed on Second Consideration, refer to Senate Commerce and Labor Committee
  12. Introduced, Passed on First Consideration

Showing 12 most recent of 13 actions. Full history

Sources

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