HB 2087 Tennessee House · 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.

HB 2087 shortens the reporting deadline for businesses licensed to provide short-term loans or check cashing services (deferred presentment services) from 15 to 10 days after certain events occur. These events include bankruptcy filings, criminal convictions against the business or its leadership, regulatory actions like license revocation, and other incidents the Commissioner of Financial Institutions identifies. The bill applies to all such licensees in Tennessee and modifies existing requirements under Tennessee Code Annotated, Titles 45 and 47. This change requires faster reporting of significant operational or legal events to the state financial regulator.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 2, 2026 Last action Mar 18, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
10
Key actions
4
Committee
6
Mar 18, 2026
Lower · Passed
Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee
lower
Mar 11, 2026
Lower · Passed
Action Def. in s/c Banking & Consumer Affairs Subcommittee to 3/18/2026
lower
Mar 11, 2026
Lower · Passed
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/18/2026
lower
Mar 4, 2026
Lower · Passed
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026
lower
Mar 3, 2026
Committee
Ref. to Commerce Committee
lower
Mar 3, 2026
Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
lower
Feb 2, 2026
Introduced
Intro., P1C.
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mike Sparks
Mike Sparks
RRepublican
TN
49