Tennessee House Bill 397 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 25 2021 - 25% progression, died in chamber
Action: 2021-02-10 - Assigned to s/c Banking & Consumer Affairs Subcommittee
Text: Latest bill text (Draft #1) [PDF]

As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions may review to determine an applicant's fitness for licensure, and who may be required to consent to a criminal records history check in connection with a license application or renewal. - Amends TCA Title 45, Chapter 12; Title 45, Chapter 18; Title 45, Chapter 5 and Title 45, Chapter 7.

AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 12; Title 45, Chapter 18; Title 45, Chapter 5 and Title 45, Chapter 7, relative to financial transactions.

Rep. Clark Boyd [R]

Date	Chamber	Action
2021-02-10	House	Assigned to s/c Banking & Consumer Affairs Subcommittee
2021-02-10	House	P2C, ref. to Commerce Committee
2021-02-08	House	Intro., P1C.
2021-01-25	House	Filed for introduction

SB1055 (Crossfiled) 2021-03-19 - Assigned to General Subcommittee of Senate Commerce & Labor Committee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0397&ga=112
Text	https://www.capitol.tn.gov/Bills/112/Bill/HB0397.pdf
Supplement	https://www.capitol.tn.gov/Bills/112/Fiscal/HB0397.pdf