News & Events
NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.25 percent per annum.
The rate is based on a ceiling of 4.25 percent over the weekly average prime loan rate of 4.0 percent as published by the Federal Reserve on June 26, 2017.
Commissioner Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes.
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- Commissioner Gonzales Announces Weekly Formula Rate June 20, 2017
- Commissioner Gonzales Announces Weekly Formula Rate June 13, 2017
- Commissioner Gonzales Announces Weekly Formula Rate June 6, 2017
- Commissioner Gonzales Announces Maximum Effective Rate of Interest
- Commissioner Gonzales Announces Weekly Formula Rate May 31, 2017
Gonzales attended the Governors' Bill Signing Ceremony of the Tennessee Broadband Accessibility Act in Brownsville Tuesday, May 16 2017
NASHVILLE – On Tuesday, May 16th, Tennessee Gov. Bill Haslam signed the bill for the Tennessee Broadband Accessibility Act at H&R Agri-Power in Brownsville. Haslam was joined by Senate Majority Leader Mark Norris (R-Collierville), Sen. Mike Bell (R-Riceville), Rep. David Hawk (R-Greeneville) and Brownsville Mayor Bill Rawls. Several state, county and city officials were also present.