News & Events


Commissioner Gonzales Announces Weekly Formula Rate November 10, 2015

Tuesday, November 10, 2015 | 2:14pm

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum.

The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on November 9, 2015.

Read full story