SB 973: Financial Institutions, Dept. of - As introduced, increases, from 10 to 15 business days, the time that the commissioner has after receipt of an application for a certificate of authority or any accompanying documents for organization of a business authorized to conduct banking business that do not comply with requirements for the documents to return the certificate or documents to the incorporators with notice of the defect in the application. - Amends TCA Title 34; Title 45 and Title 47.

Plain-language summary

SB 973 is a bill introduced in the Tennessee Senate on February 5, 2025. According to its official title, it concerns: Financial Institutions, Dept. of - As introduced, increases, from 10 to 15 business days, the time that the commissioner has after receipt of an application for a certificate of authority or any accompanying documents for organization of a business authorized to conduct banking business that do not comply with requirements for the documents to return the certificate or documents to the incorporators with notice of the defect in the application. - Amends TCA Title 34; Title 45 and Title 47. Primary sponsor: Steve Southerland (Republican). Most recent recorded action (February 12, 2025): Passed on Second Consideration, refer to Senate Commerce and Labor Committee.

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