Financial Institutions, Dept. of - As introduced, increases, from 10 to 15 business days, the time that the commissioner has after receipt of an application for a certificate of authority or any accompanying documents for organization of a business authorized to conduct banking business that do not comply with requirements for the documents to return the certificate or documents to the incorporators with notice of the defect in the application. - Amends TCA Title 34; Title 45 and Title 47.

HB 776 would have extended the review period for banking license applications in Tennessee from 10 to 15 business days when documents are incomplete. This change applied specifically to the commissioner of financial institutions reviewing applications for certificates of authority for new banking entities. The bill aimed to provide more time for regulators to identify and notify applicants of missing requirements. However, the bill was filed on February 4, 2025, and withdrawn the next day (February 5, 2025), so it never became law.