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Bill > HB2087
TN HB2087
TN HB2087AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to consumer protection.
summary
Introduced
01/23/2026
01/23/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, reduces from 15 to 10 days, the time within which a person licensed to provide deferred presentment services must file a written report with the commissioner of financial institutions following the occurrence of the filing for bankruptcy or reorganization; the institution of revocation or suspension proceedings by any state or governmental authority; the denial of the opportunity to engage in deferred presentment services by any state or governmental authority; any felony indictment or conviction of the licensee or any of its directors, officers, or principals; and other events that the commissioner may determine and identify by rule. - Amends TCA Title 45 and Title 47.
AI Summary
This bill shortens the reporting deadline for businesses that provide "deferred presentment services," which are essentially short-term, high-interest loans often referred to as payday loans. Currently, these businesses have 15 days to report certain significant events to the commissioner of financial institutions, such as filing for bankruptcy, facing disciplinary action from a government authority, or any felony indictment or conviction of their leadership. This bill reduces that reporting window to 10 days, meaning these businesses must notify the state of these critical developments much sooner.
Sponsors (1)
Last Action
P2C, caption bill, held on desk - pending amdt. (on 02/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB2087&ga=114 |
| Fiscal Note - SB2046 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2046.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2087.pdf |
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