SB 2046 Tennessee Senate · 114th Regular Session (2025-2026)

Consumer Protection - 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.

SB 2046 shortens the reporting deadline for businesses offering short-term, high-cost loans (like payday loans) in Tennessee. It reduces the time these licensed providers must report certain events to the state financial regulator from 15 to 10 days. These events include bankruptcy filings, legal actions that could lead to license revocation, denial of operating rights, or felony convictions of business owners or executives. The bill amends Tennessee Code Annotated, Titles 45 and 47, directly affecting payday loan and similar service providers.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 2, 2026 Last action Mar 3, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
1
Committee
3
Mar 3, 2026
Committee
Assigned to General Subcommittee of Senate Commerce and Labor Committee
lower
Feb 24, 2026
Lower · Passed
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
lower
Feb 5, 2026
Committee
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
upper
Feb 2, 2026
Introduced
Introduced, Passed on First Consideration
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mark Pody
Mark Pody
RRepublican
TN
17