Top Legislation - View All
Latest Action: 04/04/2007 - Companion became Public Chapter 5 Bill TextCompanion Bill SB1211. Banks and Financial Institutions - Prohibits any bank or out-of-state bank from establishing or maintaining a branch on the premises of an affiliate that engages in commercial activities. - Amends TCA Title 45, Chapter 2. Fiscal Summary for HB1573 / *SB1211MINIMAL Bill Summary for HB1573 / *SB1211 This bill prohibits any bank or out-of-state bank from establishing or maintaining a branch in Tennessee on the property of an affiliate if the affiliate engages in commercial activities. For purposes of this bill, an "affiliate" is any company that controls, or is controlled by, or is under common control with another company. "Commercial activities" means any activities in which a bank holding company, financial holding company, national bank, or national bank subsidiary, may not engage under federal law. This bill redefines [...] show full description
Latest Action: 04/04/2007 - Public Chapter 5 Bill TextCompanion Bill HB1573. Banks and Financial Institutions - Prohibits any bank or out-of-state bank from establishing or maintaining a branch on the premises of an affiliate that engages in commercial activities. - Amends TCA Title 45, Chapter 2. Fiscal Summary for *SB1211 / HB1573MINIMAL Bill Summary for *SB1211 / HB1573 This bill prohibits any bank or out-of-state bank from establishing or maintaining a branch in Tennessee on the property of an affiliate if the affiliate engages in commercial activities. For purposes of this bill, an "affiliate" is any company that controls, or is controlled by, or is under common control with another company. "Commercial activities" means any activities in which a bank holding company, financial holding company, national bank, or national bank subsidiary, may not engage under federal law. This bill redefines [...] show full description
Latest Action: 03/08/2007 - Withdrawn. Bill TextCompanion Bill SB1506. Business and Commerce - Requires a person to show proof of U.S. citizenship or residency in this country when requesting money or other funds be transmitted from this country to a location in a foreign country. - Amends TCA Title 45 and Title 47. Fiscal Summary for *HB0606 / SB1506Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for *HB0606 / SB1506 This bill requires any person who seeks to transmit funds from a location within Tennessee to a location in a foreign country to show proof of U.S. citizenship or legal residency. The business that transmits the funds must maintain documentation of the proof of citizenship or residency for two years. This bill does not apply to transfers of funds that are governed by the federal Electronic Fund Transfer Act of 1978,[...] show full description
Latest Action: 04/03/2007 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee Bill TextCompanion Bill SB0739. Business and Commerce - Removes the authority of a title pledge lender to charge a fee equal to no more than one fifth of the original principal amount of the title pledge agreement and instead authorizes an effective rate of interest of no more than 17 percent a month. - Amends TCA Title 45, Chapter 15. Fiscal Summary for *HB0747 / SB0739Increase State Expenditures - Not Significant Bill Summary for *HB0747 / SB0739 Present law limits the amount of interest that any title pledge lender may charge to 2 percent per month and authorizes the title pledge lender to charge a fee at the inception of any renewal of the agreement to defray the ordinary costs of operating a title pledge office. That fee may be no more than one fifth of the original principal amount of the title pledge agreement or property pledge agreement, or of the [...] show full description
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm. Bill TextCompanion Bill HB0747. Business and Commerce - Removes the authority of a title pledge lender to charge a fee equal to no more than one fifth of the original principal amount of the title pledge agreement and instead authorizes an effective rate of interest of no more than 17 percent a month. - Amends TCA Title 45, Chapter 15. Fiscal Summary for SB0739 / *HB0747Increase State Expenditures - Not Significant Bill Summary for SB0739 / *HB0747 Present law limits the amount of interest that any title pledge lender may charge to 2 percent per month and authorizes the title pledge lender to charge a fee at the inception of any renewal of the agreement to defray the ordinary costs of operating a title pledge office. That fee may be no more than one fifth of the original principal amount of the title pledge agreement or property pledge agreement, or of the [...] show full description
Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill TextCompanion Bill HB0606. Business and Commerce - Requires a person to show proof of U.S. citizenship or residency in this country when requesting money or other funds be transmitted from this country to a location in a foreign country. - Amends TCA Title 45 and Title 47. Fiscal Summary for SB1506 / *HB0606Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for SB1506 / *HB0606 This bill requires any person who seeks to transmit funds from a location within Tennessee to a location in a foreign country to show proof of U.S. citizenship or legal residency. The business that transmits the funds must maintain documentation of the proof of citizenship or residency for two years. This bill does not apply to transfers of funds that are governed by the federal Electronic Fund Transfer Act of 1978,[...] show full description
Latest Action: 04/20/2007 - Companion became Public Chapter 29 Bill TextFinancial Institutions, Dept. of - Clarifies that if the commissioner does not return an application for a certificate of authority to the applicant for corrections within the 10-day period after receipt, the application is deemed to have been filed; removes a bank's bonding company as a party that may receive information related to an examination of the bank; clarifies that the commissioner may disclose information regarding "suspected criminal violations" instead of "criminal violations." - Amends TCA Section 45-2-1603 and Section 45-2-213(b). Fiscal Summary for *HB2239 / SB2181Increase State Expenditures - Not Significant
Latest Action: 04/20/2007 - Public Chapter 29 Bill TextFinancial Institutions, Dept. of - Clarifies that if the commissioner does not return an application for a certificate of authority to the applicant for corrections within the 10-day period after receipt, the application is deemed to have been filed; removes a bank's bonding company as a party that may receive information related to an examination of the bank; clarifies that the commissioner may disclose information regarding "suspected criminal violations" instead of "criminal violations." - Amends TCA Section 45-2-1603 and Section 45-2-213(b). Fiscal Summary for SB2181 / *HB2239Increase State Expenditures - Not Significant
Latest Action: 04/08/2008 - Action Deferred in Subcommittee Utilities, Banking and Small Business of Commerce to Summer Study Bill TextCompanion Bill SB1558. Short Term Loans and Lenders - Revises the Tennessee Title Pledge Act. - Amends TCA Title 45, Chapter 15. Fiscal Summary for HB1984 / *SB1558Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for HB1984 / *SB1558 This bill revises various provisions of the Tennessee Title Pledge Act, as follows: (1) Present law imposes a statute of limitation on actions brought by a pledgor against a title pledge lender, which is one year after the date of the alleged occurrence of any violation of the Act. This bill removes the statute of limitation, but establishes other provisions regarding civil actions by pledgors, including a two-year statute of limitation (see (9) below). (2) Present law allows the commissioner of financial institutions to suspend or revoke a title [...] show full description
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm. Bill TextCompanion Bill HB1984. Short Term Loans and Lenders - Revises the Tennessee Title Pledge Act. - Amends TCA Title 45, Chapter 15. Fiscal Summary for *SB1558 / HB1984Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for *SB1558 / HB1984 This bill revises various provisions of the Tennessee Title Pledge Act, as follows: (1) Present law imposes a statute of limitation on actions brought by a pledgor against a title pledge lender, which is one year after the date of the alleged occurrence of any violation of the Act. This bill removes the statute of limitation, but establishes other provisions regarding civil actions by pledgors, including a two-year statute of limitation (see (9) below). (2) Present law allows the commissioner of financial institutions to suspend or revoke a title [...] show full description
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Latest Legislation - View All
Latest Action: 03/03/2008 - Referred to Senate Delayed Bills Comm. Bill TextCompanion Bill HB3457. Financial Institutions, Dept. of - Limits identification acceptable for opening an account with a financial institution within the jurisdiction of the department. - Amends TCA Title 45; Title 47 and Title 50, Chapter 1, Part 1. Fiscal Summary for SB4231 / *HB3457Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for SB4231 / *HB3457 This bill requires financial institutions within the jurisdiction of the department of financial institutions to require one of the following types of identification from an individual in order to open an account: (1) A social security card accompanied by a photo identification card issued by the federal government or a state government; (2) A driver license; (3) A passport [...] show full description
Latest Action: 04/01/2008 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee Bill TextCompanion Bill SB3811. Mortgages - Requires licensed mortgage lenders and registered loan originators to complete continuing education. - Amends TCA Title 45, Chapter 13 and Title 45, Chapter 20. Fiscal Summary for HB3785 / *SB3811Increase State Expenditures - Not Significant Bill Summary for HB3785 / *SB3811 This bill requires each application for renewal of a mortgage lender license or a loan originator registration to include evidence of the completion of at least 12 hours of continuing education, including two hours of instruction on the Tennessee Home Loan Protection Act and one hour of ethics training. This bill would not apply to the following: (1) Licensees and registrants not licensed or registered for one full year prior to the end of the applicable continuing education year; and (2) Licensees and registrants [...] show full description
Latest Action: 02/13/2008 - Assigned to Subcommittee Utilities, Banking and Small Business of COM Bill TextCompanion Bill SB4231. Financial Institutions, Dept. of - Limits identification acceptable for opening an account with a financial institution within the jurisdiction of the department. - Amends TCA Title 45; Title 47 and Title 50, Chapter 1, Part 1. Fiscal Summary for *HB3457 / SB4231Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for *HB3457 / SB4231 This bill requires financial institutions within the jurisdiction of the department of financial institutions to require one of the following types of identification from an individual in order to open an account: (1) A social security card accompanied by a photo identification card issued by the federal government or a state government; (2) A driver license; (3) A passport [...] show full description
Latest Action: 03/05/2008 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill TextCompanion Bill HB3785. Mortgages - Requires licensed mortgage lenders and registered loan originators to complete continuing education. - Amends TCA Title 45, Chapter 13 and Title 45, Chapter 20. Fiscal Summary for *SB3811 / HB3785Increase State Expenditures - Not Significant Bill Summary for *SB3811 / HB3785 This bill requires each application for renewal of a mortgage lender license or a loan originator registration to include evidence of the completion of at least 12 hours of continuing education, including two hours of instruction on the Tennessee Home Loan Protection Act and one hour of ethics training. This bill would not apply to the following: (1) Licensees and registrants not licensed or registered for one full year prior to the end of the applicable continuing education year; and (2) Licensees and registrants [...] show full description
Latest Action: 04/20/2007 - Companion became Public Chapter 29 Bill TextFinancial Institutions, Dept. of - Clarifies that if the commissioner does not return an application for a certificate of authority to the applicant for corrections within the 10-day period after receipt, the application is deemed to have been filed; removes a bank's bonding company as a party that may receive information related to an examination of the bank; clarifies that the commissioner may disclose information regarding "suspected criminal violations" instead of "criminal violations." - Amends TCA Section 45-2-1603 and Section 45-2-213(b). Fiscal Summary for *HB2239 / SB2181Increase State Expenditures - Not Significant
Latest Action: 04/20/2007 - Public Chapter 29 Bill TextFinancial Institutions, Dept. of - Clarifies that if the commissioner does not return an application for a certificate of authority to the applicant for corrections within the 10-day period after receipt, the application is deemed to have been filed; removes a bank's bonding company as a party that may receive information related to an examination of the bank; clarifies that the commissioner may disclose information regarding "suspected criminal violations" instead of "criminal violations." - Amends TCA Section 45-2-1603 and Section 45-2-213(b). Fiscal Summary for SB2181 / *HB2239Increase State Expenditures - Not Significant
Latest Action: 04/08/2008 - Action Deferred in Subcommittee Utilities, Banking and Small Business of Commerce to Summer Study Bill TextCompanion Bill SB1558. Short Term Loans and Lenders - Revises the Tennessee Title Pledge Act. - Amends TCA Title 45, Chapter 15. Fiscal Summary for HB1984 / *SB1558Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for HB1984 / *SB1558 This bill revises various provisions of the Tennessee Title Pledge Act, as follows: (1) Present law imposes a statute of limitation on actions brought by a pledgor against a title pledge lender, which is one year after the date of the alleged occurrence of any violation of the Act. This bill removes the statute of limitation, but establishes other provisions regarding civil actions by pledgors, including a two-year statute of limitation (see (9) below). (2) Present law allows the commissioner of financial institutions to suspend or revoke a title [...] show full description
Latest Action: 04/04/2007 - Companion became Public Chapter 5 Bill TextCompanion Bill SB1211. Banks and Financial Institutions - Prohibits any bank or out-of-state bank from establishing or maintaining a branch on the premises of an affiliate that engages in commercial activities. - Amends TCA Title 45, Chapter 2. Fiscal Summary for HB1573 / *SB1211MINIMAL Bill Summary for HB1573 / *SB1211 This bill prohibits any bank or out-of-state bank from establishing or maintaining a branch in Tennessee on the property of an affiliate if the affiliate engages in commercial activities. For purposes of this bill, an "affiliate" is any company that controls, or is controlled by, or is under common control with another company. "Commercial activities" means any activities in which a bank holding company, financial holding company, national bank, or national bank subsidiary, may not engage under federal law. This bill redefines [...] show full description
Latest Action: 04/04/2007 - Public Chapter 5 Bill TextCompanion Bill HB1573. Banks and Financial Institutions - Prohibits any bank or out-of-state bank from establishing or maintaining a branch on the premises of an affiliate that engages in commercial activities. - Amends TCA Title 45, Chapter 2. Fiscal Summary for *SB1211 / HB1573MINIMAL Bill Summary for *SB1211 / HB1573 This bill prohibits any bank or out-of-state bank from establishing or maintaining a branch in Tennessee on the property of an affiliate if the affiliate engages in commercial activities. For purposes of this bill, an "affiliate" is any company that controls, or is controlled by, or is under common control with another company. "Commercial activities" means any activities in which a bank holding company, financial holding company, national bank, or national bank subsidiary, may not engage under federal law. This bill redefines [...] show full description
Latest Action: 03/02/2007 - Assigned to Gen. Sub of Senate C,L&A Comm. Bill TextCompanion Bill HB0606. Business and Commerce - Requires a person to show proof of U.S. citizenship or residency in this country when requesting money or other funds be transmitted from this country to a location in a foreign country. - Amends TCA Title 45 and Title 47. Fiscal Summary for SB1506 / *HB0606Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Bill Summary for SB1506 / *HB0606 This bill requires any person who seeks to transmit funds from a location within Tennessee to a location in a foreign country to show proof of U.S. citizenship or legal residency. The business that transmits the funds must maintain documentation of the proof of citizenship or residency for two years. This bill does not apply to transfers of funds that are governed by the federal Electronic Fund Transfer Act of 1978,[...] show full description
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