Financial Institutions, Dept. of - As introduced, increases, from November 1 to December 31 to October 15 to December 31, the time frame during which a licensee under the Money Transmission Modernization Act must pay the annual nonrefundable supervision fee and submit its annual renewal report to the department. - Amends TCA Title 38; Title 45 and Title 67, Chapter 6.
HB 417 adjusts the annual fee and report deadline for money transmission businesses in Tennessee. It moves the start date for submitting annual renewal reports and paying nonrefundable supervision fees from November 1 to October 15, while keeping the end date at December 31. This change directly affects all licensees operating under the Money Transmission Modernization Act. The bill modifies existing deadlines without altering fee amounts or report content.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Mar 12, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Mar 12, 2025
Committee
Ref. to Commerce Committee - Government Operations for Review
lower
Mar 12, 2025
Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
lower
Feb 3, 2025
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Paul Sherrell
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 417
Scope: TN
Hi! I can help you understand HB 417. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline