SB2316

SB2316 Sponsored by Roy Herron
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm.

Bill Text
Companion Bill HB2301. Short Term Loans and Lenders - Lowers amount of fees and interest a title pledge lender may charge military personnel and their families. - Amends TCA Title 45, Chapter 15 and Title 45, Chapter 17. Fiscal Summary for SB2316 / *HB2301Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for SB2316 / *HB2301 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, not to exceed 20 percent of the original principal amount of the title pledge agreement or of the [...]

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Comment on Bill
Also tagged in: Financial Institutions, Dept. Of, Titles, Short
Latest Action: 04/08/2008 - Action Deferred in Subcommittee Utilities, Banking and Small Business of Commerce to Summer Study

Bill Text
Companion 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 [...]

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Comment on Bill
Latest Action: 05/15/2007 - Taken Off Notice For Calendar in: Commerce Committee

Bill Text
Companion Bill SB2316. Short Term Loans and Lenders - Lowers amount of fees and interest a title pledge lender may charge military personnel and their families. - Amends TCA Title 45, Chapter 15 and Title 45, Chapter 17. Fiscal Summary for *HB2301 / SB2316Increase State Revenues - Not Significant Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB2301 / SB2316 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, not to exceed 20 percent of the original principal amount of the title pledge agreement or of the [...]

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Comment on Bill
Also tagged in: Banks And Financial Institutions
Latest Action: 02/27/2007 - Assigned to Subcommittee Utilities & Banking of COM

Bill Text

Banks and Financial Institutions - Requires any person who makes a title pledge loan without a license, and who does not return collateral and any money paid by borrower, to pay interest to borrower at 10 percent per annum of amount owed. - Amends TCA Section 45-15-101; Section 45-15-102; Section 45-15-103; Section 45-15-104; Section 45-15-105; Section 45-15-106; Section 45-15-107; Section 45-15-108; Section 45-15-109 and Section 45-15-110.

Fiscal Summary for HB1430 / *SB1071

Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill
Latest Action: 02/05/2008 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee

Bill Text

Short Term Loans and Lenders - Prohibits title loans from being renewed over six times; requires an adult to witness the consumer notification and disclosure form that accompanies each title loan. - Amends TCA Title 45, Chapter 15, Part 1.

Fiscal Summary for HB1358 / *SB0403

Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill

SB1558

SB1558 Sponsored by Roy Herron
Also tagged in: Financial Institutions, Dept. Of, Titles, Short
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm.

Bill Text
Companion 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 [...]

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Comment on Bill

SB1582

SB1582 Sponsored by Roy Herron
Also tagged in: Uniform Commercial Code, Usury
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm.

Bill Text

Short Term Loans and Lenders - Eliminates exception on property pledge transactions that lien not be noted on title. - Amends TCA Title 45, Chapter 15, Part 1; Title 47, Chapter 9 and Title 55, Chapter 3.

Fiscal Summary for SB1582 / *HB0683

Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill

SB1071

SB1071 Sponsored by Andy Berke
Also tagged in: Banks And Financial Institutions
Latest Action: 02/28/2007 - Assigned to Gen. Sub of Senate C,L&A Comm.

Bill Text

Banks and Financial Institutions - Requires any person who makes a title pledge loan without a license, and who does not return collateral and any money paid by borrower, to pay interest to borrower at 10 percent per annum of amount owed. - Amends TCA Section 45-15-101; Section 45-15-102; Section 45-15-103; Section 45-15-104; Section 45-15-105; Section 45-15-106; Section 45-15-107; Section 45-15-108; Section 45-15-109 and Section 45-15-110.

Fiscal Summary for *SB1071 / HB1430

Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill
Also tagged in: Uniform Commercial Code, Usury
Latest Action: 04/24/2007 - Taken Off Notice For Calendar in Subcommittee Utilities, Banking and Small Business of Commerce of Commerce Committee

Bill Text

Short Term Loans and Lenders - Eliminates exception on property pledge transactions that lien not be noted on title. - Amends TCA Title 45, Chapter 15, Part 1; Title 47, Chapter 9 and Title 55, Chapter 3.

Fiscal Summary for *HB0683 / SB1582

Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill

SB0403

SB0403 Sponsored by Roy Herron
Latest Action: 04/24/2007 - Assigned to Gen. Sub of: Senate C,L&A Comm.

Bill Text

Short Term Loans and Lenders - Prohibits title loans from being renewed over six times; requires an adult to witness the consumer notification and disclosure form that accompanies each title loan. - Amends TCA Title 45, Chapter 15, Part 1.

Fiscal Summary for *SB0403 / HB1358

Increase State Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant


Comment on Bill