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Latest Action: 04/11/2007 - Request to be added as sponsor denied.

Bill Text
Companion Bill SB1871. Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee; specifies that authorization for holding companies to organize, own, and control credit card state banks includes domestic holding companies. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for HB1459 / *SB1871Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for HB1459 / *SB1871 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" [...]

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Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm.

Bill Text
Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for *SB0806Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for *SB0806 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" as a company that controls a domestic or foreign lender and has its principal place of business in this state. This bill extends the authority to organize, own, and control a credit card state bank to a company licensed under the Tennessee Money Transmitter Act that has [...]

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Latest Action: 04/04/2007 - Public Chapter 6

Bill Text
Companion Bill HB1459. Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee; specifies that authorization for holding companies to organize, own, and control credit card state banks includes domestic holding companies. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for *SB1871 / HB1459Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for *SB1871 / HB1459 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" [...]

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Latest Action: 04/10/2007 - Taken off notice for Calendar in Subcommittee Utilities, Banking & Small Business of Commerce

Bill Text
Companion Bill SB0850. Credit and Debit Cards - Restricts processing fee charged to retail merchants for the use of credit or debit cards to .75 percent per transaction. - Amends TCA Title 47, Chapter 22. Fiscal Summary for HB1019 / *SB0850Decrease State Expenditures - $121,000 Bill Summary for HB1019 / *SB0850 This bill prohibits persons who issue credit and debit cards from charging retail merchants who conduct at least 80 percent of their credit card transactions through a credit card terminal more than .75 percent for all processing fees involving the use of a credit or debit card. Any violation of this bill would be a violation of the Tennessee Consumer Protection Act of 1977, thereby subjecting the violator to the penalties of that Act, including treble damages. This bill only applies to contracts between credit card issuers and merchants [...]

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Latest Action: 03/07/2007 - Assigned to Subcommittee Utilities & Banking of COM

Bill Text

Credit and Debit Cards - Restricts credit card issuers from increasing interest rate or time price differential on a cardholder based on payment history of cardholder with other lenders or entities. - Amends TCA Title 47, Chapter 22.

Fiscal Summary for *HB1483

Increase State Expenditures - Not Significant

SB0850

SB0850 Sponsored by Ken Yager
Latest Action: 04/24/2007 - Action Deferred in Senate C,L&A Comm. to 5/1/07

Bill Text
Companion Bill HB1019. Credit and Debit Cards - Restricts processing fee charged to retail merchants for the use of credit or debit cards to .75 percent per transaction. - Amends TCA Title 47, Chapter 22. Fiscal Summary for *SB0850 / HB1019Decrease State Expenditures - $121,000 Bill Summary for *SB0850 / HB1019 This bill prohibits persons who issue credit and debit cards from charging retail merchants who conduct at least 80 percent of their credit card transactions through a credit card terminal more than .75 percent for all processing fees involving the use of a credit or debit card. Any violation of this bill would be a violation of the Tennessee Consumer Protection Act of 1977, thereby subjecting the violator to the penalties of that Act, including treble damages. This bill only applies to contracts between credit card issuers and merchants [...]

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Latest Action: 06/18/2007 - Signed by Governor.

Bill Text

Memorials, Congress - Urges passage of legislation requiring credit card issuers to include as part of the monthly statement provided to each cardholder the total length of time it will take the cardholder to pay the total debt accumulated on the credit card. -

Fiscal Summary for *HJR0354

Increase State Expenditures - Not Significant / One-Time


Bill Summary for *HJR0354

ON JUNE 12, 2007, THE SENATE ADOPTED AMENDMENT #1 AND ADOPTED HOUSE JOINT RESOLUTION 354, AS AMENDED.

AMENDMENT #1 removes language resolving that copies of this resolution be forwarded to the speaker and clerk of the U.S. house of representatives and the president and clerk of the U.S. senate, thereby resolving that copies of this resolution be provided only to members of the Tennessee congressional delegation.



Latest Legislation - View All

Latest Action: 06/18/2007 - Signed by Governor.

Bill Text

Memorials, Congress - Urges passage of legislation requiring credit card issuers to include as part of the monthly statement provided to each cardholder the total length of time it will take the cardholder to pay the total debt accumulated on the credit card. -

Fiscal Summary for *HJR0354

Increase State Expenditures - Not Significant / One-Time


Bill Summary for *HJR0354

ON JUNE 12, 2007, THE SENATE ADOPTED AMENDMENT #1 AND ADOPTED HOUSE JOINT RESOLUTION 354, AS AMENDED.

AMENDMENT #1 removes language resolving that copies of this resolution be forwarded to the speaker and clerk of the U.S. house of representatives and the president and clerk of the U.S. senate, thereby resolving that copies of this resolution be provided only to members of the Tennessee congressional delegation.



Latest Action: 04/11/2007 - Request to be added as sponsor denied.

Bill Text
Companion Bill SB1871. Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee; specifies that authorization for holding companies to organize, own, and control credit card state banks includes domestic holding companies. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for HB1459 / *SB1871Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for HB1459 / *SB1871 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" [...]

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Latest Action: 03/07/2007 - Assigned to Subcommittee Utilities & Banking of COM

Bill Text

Credit and Debit Cards - Restricts credit card issuers from increasing interest rate or time price differential on a cardholder based on payment history of cardholder with other lenders or entities. - Amends TCA Title 47, Chapter 22.

Fiscal Summary for *HB1483

Increase State Expenditures - Not Significant

Latest Action: 04/04/2007 - Public Chapter 6

Bill Text
Companion Bill HB1459. Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee; specifies that authorization for holding companies to organize, own, and control credit card state banks includes domestic holding companies. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for *SB1871 / HB1459Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for *SB1871 / HB1459 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" [...]

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Latest Action: 04/10/2007 - Taken off notice for Calendar in Subcommittee Utilities, Banking & Small Business of Commerce

Bill Text
Companion Bill SB0850. Credit and Debit Cards - Restricts processing fee charged to retail merchants for the use of credit or debit cards to .75 percent per transaction. - Amends TCA Title 47, Chapter 22. Fiscal Summary for HB1019 / *SB0850Decrease State Expenditures - $121,000 Bill Summary for HB1019 / *SB0850 This bill prohibits persons who issue credit and debit cards from charging retail merchants who conduct at least 80 percent of their credit card transactions through a credit card terminal more than .75 percent for all processing fees involving the use of a credit or debit card. Any violation of this bill would be a violation of the Tennessee Consumer Protection Act of 1977, thereby subjecting the violator to the penalties of that Act, including treble damages. This bill only applies to contracts between credit card issuers and merchants [...]

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Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm.

Bill Text
Banks and Financial Institutions - Authorizes a money transmitter licensed pursuant to title 45, chapter 7 with a net worth of over $25 million dollars to organize and own or control a credit card state bank in Tennessee. - Amends TCA Title 45, Chapter 2 and Title 45, Chapter 7. Fiscal Summary for *SB0806Increase State Revenues - Net Impact - Not Significant / Dept. of Financial Institutions Increase State Expenditures - Not Significant Bill Summary for *SB0806 Present law authorizes any domestic lender, foreign lender, or holding company to organize, own, and control a credit card state bank. Present law defines a "domestic holding company" as a company that controls a domestic or foreign lender and has its principal place of business in this state. This bill extends the authority to organize, own, and control a credit card state bank to a company licensed under the Tennessee Money Transmitter Act that has [...]

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SB0850

SB0850 Sponsored by Ken Yager
Latest Action: 04/24/2007 - Action Deferred in Senate C,L&A Comm. to 5/1/07

Bill Text
Companion Bill HB1019. Credit and Debit Cards - Restricts processing fee charged to retail merchants for the use of credit or debit cards to .75 percent per transaction. - Amends TCA Title 47, Chapter 22. Fiscal Summary for *SB0850 / HB1019Decrease State Expenditures - $121,000 Bill Summary for *SB0850 / HB1019 This bill prohibits persons who issue credit and debit cards from charging retail merchants who conduct at least 80 percent of their credit card transactions through a credit card terminal more than .75 percent for all processing fees involving the use of a credit or debit card. Any violation of this bill would be a violation of the Tennessee Consumer Protection Act of 1977, thereby subjecting the violator to the penalties of that Act, including treble damages. This bill only applies to contracts between credit card issuers and merchants [...]

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