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TennesseeSB 0857114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 13, Chapter 23, relative to the homebuyers revolving loan program.

Sponsored By: Brent Taylor (Republican)

Became Law

Housing

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Bill Overview

Analyzed Economic Effects

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

Counties can leave homebuyer loan program

Beginning July 1, 2025, a participating county can end its role in Tennessee’s homebuyers revolving loan program. To leave, the county must have made loans greater than its initial loan fund capitalization and must notify the Tennessee Housing Development Agency. When it leaves, the county keeps all money tied to its loan fund pool, including the initial seed money and interest on repayments. This can reduce the statewide pool available for other homebuyers.

Sponsors & Cosponsors

Sponsor

  • Brent Taylor

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 126 • No: 1

House vote • 4/21/2025

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/21/2025

Yes: 91 • No: 1

Senate vote • 3/27/2025

FLOOR VOTE: Motion to Adopt 3/27/2025

Yes: 27 • No: 0

Senate vote • 3/24/2025

SENATE JUDICIARY COMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Pub. Ch. 442

    5/15/2025

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

    5/15/2025

  3. Signed by Governor.

    5/9/2025Senate

  4. Transmitted to Governor for action.

    5/1/2025Senate

  5. Signed by H. Speaker

    4/30/2025House

  6. Signed by Senate Speaker

    4/29/2025Senate

  7. Enrolled and ready for signatures

    4/25/2025Senate

  8. Subst. for comp. HB.

    4/21/2025House

  9. Passed H., Ayes 91, Nays 1, PNV 1

    4/21/2025House

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

    3/31/2025House

  11. Passed Senate, Ayes 27, Nays 0

    3/27/2025Senate

  12. Engrossed; ready for transmission to House

    3/27/2025Senate

  13. Placed on Senate Consent Calendar 2 for 3/27/2025

    3/25/2025Senate

  14. Recommended for passage, refer to Senate Calendar Committee

    3/24/2025Senate

  15. Placed on Senate Judiciary Committee calendar for 3/24/2025

    3/19/2025Senate

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

    2/12/2025Senate

  17. Introduced, Passed on First Consideration

    2/10/2025Senate

  18. Filed for introduction

    2/5/2025Senate

Bill Text

  • Enrolled / Public Chapter

    PDF

  • Fiscal Note

    PDF

  • Introduced

    PDF

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