Tennessee SB 936: Banks and Financial Institutions - As introduced, changes from $50,000 to $100,000 the minimum tangible net worth required for an applicant to qualify for a flex loan license; changes from 10 percent to 20 percent the level shareholder whose competence, experience, integrity, and financial ability the commissioner of financial institutions, or the commissioner's designee, may review to determine an applicant's fitness for licensure. - Amends TCA Title 45, Chapter 12; Title 45, Chapter 18 and Title 45, Chapter 5.

Status: Passed on Second Consideration, refer to Senate Commerce and Labor Committee (as of 2017-02-13)

State: Tennessee · Session: 110 · Bill: SB 936

Subjects: Banks and Financial Institutions

Sponsors: Ketron, Travis

View Tennessee SB 936 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.