HB772 — Banks and Financial Institutions - As enacted, increases the maximum annual interest rate (or equivalent daily, weekly, monthly, or quarterly rate) that a bank may charge and collect with respect to extensions of credit made on credit card accounts from 21 percent to 30 percent. - Amends TCA Title 45, Chapter 2, Part 19.

HB772 — Banks and Financial Institutions - As enacted, increases the maximum annual interest rate (or equivalent daily, weekly, monthly, or quarterly rate) that a bank may charge and collect with respect to extensions of credit made on credit card accounts from 21 percent to 30 percent. - Amends TCA Title 45, Chapter 2, Part 19. · Informed CitizenryHB772 amends Tennessee Code Annotated Title 45, Chapter 2, Part 19, regarding credit card state banks. The bill increases the initial capital required for these banks from two million dollars to th…Open in Informed Citizenry