SB997 — 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.

SB997 — 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 CitizenryThis bill amends Tennessee Code Annotated, Title 45, Chapter 2, Part 19, regarding state banks. It increases the initial capital requirement from two million dollars to three million dollars, or a…Open in Informed Citizenry