Tennessee · 114
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.
Bill record: Open States bulk CSV (bills/votes) ocd-bill/85763fa1-e136-485a-ba02-ae8beea41ae2 CC0-1.0
Summary AI-generated
Tennessee HB 908 amends Titles 45 and 47 of the Tennessee Code Annotated regarding interest rates on home loans. As enacted, the bill removes the weighted average yield of Federal National Mortgage Association auction offers and the 30-year treasury yield as bases for setting maximum effective interest rates. These are replaced with the average prime offer rate for determinations made by the commissioner of financial institutions.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Johnny Garrett Republican lead
Roll-call votes on this bill
| Motion / question | Chamber | Stage | Roll | Outcome | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|---|---|
| FLOOR VOTE: Third Consideration 4/7/2025 Passed (1) | upper | — | 5ab3494d-419d-41f9-8cad-b4e3608ef9b3 | pass | 0 | 0 | 1 | Apr 7, 2025 | Open States bulk CSV (bills/votes) ocd-vote/5ab3494d-419d-41f9-8cad-b4e3608ef9b3 CC0-1.0 |
| FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025 Failed | lower | — | 04cc4cc4-f7ab-43cb-b571-7198986cf35a | fail | 0 | 0 | 0 | Mar 27, 2025 | Open States bulk CSV (bills/votes) ocd-vote/04cc4cc4-f7ab-43cb-b571-7198986cf35a CC0-1.0 |
| FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025 Passed (1) | lower | — | edaf9ceb-6ce7-48ea-aa43-4f28f35048af | pass | 0 | 0 | 0 | Mar 3, 2025 | Open States bulk CSV (bills/votes) ocd-vote/edaf9ceb-6ce7-48ea-aa43-4f28f35048af CC0-1.0 |
| HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Consent Calendar for 3/3/2025… | lower | — | cdcfce32-e030-492a-8806-1430142c34f5 | fail | 0 | 0 | 0 | Mar 3, 2025 | Open States bulk CSV (bills/votes) ocd-vote/cdcfce32-e030-492a-8806-1430142c34f5 CC0-1.0 |
| HOUSE COMMERCE COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee… | lower | — | d8e337e7-c20e-4b37-a0df-a2cb7dd6a2da | pass | 0 | 0 | 0 | Feb 26, 2025 | Open States bulk CSV (bills/votes) ocd-vote/d8e337e7-c20e-4b37-a0df-a2cb7dd6a2da CC0-1.0 |
| HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE: Rec. for pass by s/c ref. to… | lower | — | 9b72496a-f1f1-4174-b578-709dd4f27f1d | pass | 0 | 0 | 0 | Feb 19, 2025 | Open States bulk CSV (bills/votes) ocd-vote/9b72496a-f1f1-4174-b578-709dd4f27f1d CC0-1.0 |