SB 749 — Interest Rates - As enacted, removes the weighted average yield of the accepted offers of the Federal National Mortgage Association's current free market system auction and the 30-year treasury yield as the two bases upon which the maximum effective rate of interest on home loans may be set by the commissioner of financial institutions, and replaces them with the average prime offer rate. - Amends TCA Title 45 and Title 47.

SB 749 (Current Version)

Current Version text of SB 749.

HOUSE BILL 908

By Garrett

The document summary and details above are public. The full text is available to signed-in accounts.