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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB2046 • 2026

Consumer Protection

AN ACT to amend Tennessee Code Annotated, Title 45 and Title 47, relative to consumer protection.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Pody, Sparks
Last action
2026-03-03
Official status
Assigned to General Subcommittee of Senate Commerce and Labor Committee
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on what happens if a company fails to report within the new time limit or how this change will affect consumer protection overall.

Consumer Protection Act

This bill changes the reporting time limit for certain events from 15 to 10 days for companies providing deferred presentment services.

What This Bill Does

  • Changes the time limit for reporting major events from 15 days to 10 days.

Who It Names or Affects

  • Companies providing deferred presentment services (like payday loans).
  • The Tennessee Department of Financial Institutions and its commissioner.

Terms To Know

deferred presentment services
Financial services that allow people to borrow money with a promise to pay it back later, often used for short-term loans like payday loans.
commissioner of financial institutions
The person in charge of overseeing and regulating financial companies in Tennessee.

Limits and Unknowns

  • Does not specify what happens if a company fails to report within the new time limit.
  • It is unclear how this change will affect consumer protection overall.

Bill History

  1. 2026-03-18 Tennessee General Assembly

    Taken off notice for cal in s/c Banking and Consumer Affairs Subcommittee of Commerce Committee

  2. 2026-03-11 Tennessee General Assembly

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/18/2026

  3. 2026-03-11 Tennessee General Assembly

    Action Def. in s/c Banking & Consumer Affairs Subcommittee to 3/18/2026

  4. 2026-03-04 Tennessee General Assembly

    Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/11/2026

  5. 2026-03-03 Tennessee General Assembly

    Assigned to General Subcommittee of Senate Commerce and Labor Committee

  6. 2026-03-03 Tennessee General Assembly

    Assigned to s/c Banking & Consumer Affairs Subcommittee

  7. 2026-03-03 Tennessee General Assembly

    Ref. to Commerce Committee

  8. 2026-03-02 Tennessee General Assembly

    Sponsor(s) Added.

  9. 2026-02-24 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

  10. 2026-02-05 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  11. 2026-02-04 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  12. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  13. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  14. 2026-01-23 Tennessee General Assembly

    Filed for introduction

  15. 2026-01-22 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 2087
By Sparks

SENATE BILL 2046
By Pody
SB2046
011898
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 45
and Title 47, relative to consumer protection.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 45-17-109, is amended by deleting
"fifteen (15) days" and substituting "ten (10) days".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.