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TennesseeHB 0908114th General Assembly (2025-2026)HouseWALLET

AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to interest on home loans.

Sponsored By: Johnny Garrett (Republican)

Became Law

Interest Rates

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Mortgage interest cap for Tennessee homeowners

Beginning July 1, 2025, lenders on Tennessee home loans cannot charge more than the Average Prime Offer Rate (APOR) for a 30-year fixed mortgage plus 4 percentage points. The cap is never above 18% per year. APOR is published by the Federal Financial Institutions Examination Council. This applies to residential mortgages in Tennessee and limits what lenders can charge.

Sponsors & Cosponsors

Sponsor

  • Johnny Garrett

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 164 • No: 75

Senate vote • 4/7/2025

FLOOR VOTE: Third Consideration 4/7/2025

Yes: 24 • No: 5

House vote • 3/27/2025

FLOOR VOTE: MOTION TO RECALL FROM SENATE 3/27/2025

Yes: 23 • No: 70

House vote • 3/3/2025

FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/3/2025

Yes: 90 • No: 0

House vote • 3/3/2025

HOUSE CALENDAR & RULES COMMITTEE

Yes: 0 • No: 0

House vote • 2/26/2025

HOUSE COMMERCE COMMITTEE

Yes: 22 • No: 0

House vote • 2/19/2025

HOUSE BANKING AND CONSUMER AFFAIRS SUBCOMMITTEE

Yes: 5 • No: 0

Actions Timeline

  1. Pub. Ch. 290

    4/28/2025

  2. Effective date(s) 07/01/2025

    4/28/2025

  3. Signed by Governor.

    4/24/2025

  4. Transmitted to Governor for his action.

    4/16/2025House

  5. Signed by Senate Speaker

    4/14/2025Senate

  6. Signed by H. Speaker

    4/10/2025House

  7. Enrolled; ready for sig. of H. Speaker.

    4/8/2025House

  8. Passed Senate, Ayes 24, Nays 5, PNV 1

    4/7/2025Senate

  9. Placed on Senate Regular Calendar for 4/7/2025

    4/4/2025Senate

  10. Senate Reset on calendar for 4/7/2025

    3/20/2025Senate

  11. Placed on Senate Regular Calendar for 3/20/2025

    3/18/2025Senate

  12. Senate substituted House Bill for companion Senate Bill.

    3/17/2025Senate

  13. Senate Reset on calendar for 3/20/2025

    3/17/2025Senate

  14. Received from House, Passed on First Consideration

    3/6/2025Senate

  15. Engrossed; ready for transmission to Sen.

    3/4/2025House

  16. Passed H., Ayes 90, Nays 0, PNV 0

    3/3/2025House

  17. H. Placed on Consent Calendar for 3/3/2025

    2/27/2025House

  18. Rec. for pass; ref to Calendar & Rules Committee

    2/26/2025House

  19. Placed on cal. Calendar & Rules Committee for 2/27/2025

    2/26/2025House

  20. Rec. for pass by s/c ref. to Commerce Committee

    2/19/2025House

  21. Placed on cal. Commerce Committee for 2/26/2025

    2/19/2025House

  22. Placed on s/c cal Banking & Consumer Affairs Subcommittee for 2/19/2025

    2/12/2025House

  23. Assigned to s/c Banking & Consumer Affairs Subcommittee

    2/10/2025House

  24. P2C, ref. to Commerce Committee

    2/6/2025House

  25. Intro., P1C.

    2/5/2025House

Bill Text

  • Enrolled / Public Chapter

    PDF

  • Fiscal Note

    PDF

  • Introduced

    PDF

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