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TN HB0110
Bill
Status
4/8/2025
Primary Sponsor
William Lamberth
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AI Summary
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Grants the Tennessee banking commissioner authority to determine the type, amounts, and characteristics of deposit insurance required for each state bank
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Requires the commissioner to consider five factors when making deposit insurance determinations: bank safety and soundness, ability to promote state economic progress, public confidence in the banking system, views of the state banking industry, and any other relevant factors
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Authorizes the commissioner to promulgate rules implementing these provisions under the Uniform Administrative Procedures Act
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Takes effect July 1, 2025
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 45, Chapter 2, relative to banking.
Financial Institutions, Dept. of
Last Action
Comp. became Pub. Ch. 126
4/8/2025