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TennesseeSB 0765114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 26; Title 45 and Title 47, relative to banking.

Sponsored By: Paul Bailey (Republican)

Became Law

Banks and Financial Institutions

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Bill Overview

Analyzed Economic Effects

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

Faster bank holds and notices

If your bank gets a garnishment, it must check within two business days and place a hold on all available funds it holds for you. Within the same two days, the bank must mail or deliver you a copy of the garnishment summons and the Notice to Judgment Debtor. It must send the notice to your last known address in its records and also to the address on the creditor’s form if different. The bank cannot send the notice before it places the hold, and only the bank—not the creditor—may send it. When serving the bank, the sheriff or officer must give the bank the completed summons and notice forms.

Attorney fees for unpaid warranty claims

If you make a warranty claim and send written notice by certified or registered mail or by courier, the warrantor has 30 days to pay. If the warrantor does not pay within 30 days after receiving your notice, you can recover reasonable attorney fees as part of your expenses. This also applies to drawees who pay an item and then send the required notice of a breach of warranty.

Sponsors & Cosponsors

Sponsor

  • Paul Bailey

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 132 • No: 0

House vote • 3/27/2025

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/27/2025

Yes: 94 • No: 0

Senate vote • 3/10/2025

FLOOR VOTE: as Amended Third Consideration 3/10/2025

Yes: 29 • No: 0

Senate vote • 3/4/2025

SENATE JUDICIARY COMMITTEE

Yes: 9 • No: 0

Actions Timeline

  1. Pub. Ch. 174

    4/30/2025

  2. Effective date(s) 04/11/2025

    4/30/2025

  3. Signed by Governor.

    4/11/2025Senate

  4. Signed by H. Speaker

    4/2/2025House

  5. Transmitted to Governor for action.

    4/2/2025Senate

  6. Signed by Senate Speaker

    4/1/2025Senate

  7. Enrolled and ready for signatures

    3/28/2025Senate

  8. Subst. for comp. HB.

    3/27/2025House

  9. Am. withdrawn. (Amendment 1 - HA0124)

    3/27/2025House

  10. Passed H., Ayes 94, Nays 0, PNV 1

    3/27/2025House

  11. Rcvd. from S., held on H. desk.

    3/13/2025House

  12. Senate adopted Amendment (Amendment 1 - SA0043)

    3/10/2025Senate

  13. Passed Senate as amended, Ayes 29, Nays 0

    3/10/2025Senate

  14. Engrossed; ready for transmission to House

    3/10/2025Senate

  15. Placed on Senate Regular Calendar for 3/10/2025

    3/7/2025Senate

  16. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0

    3/4/2025Senate

  17. Placed on Senate Judiciary Committee calendar for 3/4/2025

    2/26/2025Senate

  18. Passed on Second Consideration, refer to Senate Judiciary Committee

    2/12/2025Senate

  19. Introduced, Passed on First Consideration

    2/10/2025Senate

  20. Filed for introduction

    2/4/2025Senate

Bill Text

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