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Tennessee HouseSB 766

Banks and Financial Institutions - As enacted, authorizes a premium finance company to impose and collect a convenience fee from an insured for use of certain payment methods; authorizes a premium finance company to charge and collect a…

Failed 48–27Crossed party lines

What it does: Present law provides that a licensee under the "Premium Finance Company Act of 1980" does not have the power to charge premium loan charges other than, or in amounts greater than, the following:  Licensees may charge, in the case of the precomputed loan, a service charge in an amount equal to 4% of the total amount of the loan, which charge may be deducted in advance from the principal of the premium loan; provided, that a licensee who contracts for the payment of interest on the balances from time to time outstanding, commonly referred to as a revolving or open-end account, shall be limited… (official summary)

Question before the chamber: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION

Read the official record ↗

The tally

Yes 48 · No 27 · Not voting 10 · Present 14

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting / present
Democrats0203 / 1
Republicans4877 / 13

Most Democrats voted no; most Republicans voted yes. 7 members voted against their party’s majority.

Voted against their party’s majority

The full roll (99)

Yes 48

No 27

Present 14

Not voting 10

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.