News & Events
NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.50 percent per annum.
The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 3.50 percent as published by the Federal Reserve on February 8, 2016.
- Commissioner Gonzales Announces Weekly Formula Rate February 2, 2016
- Commissioner Gonzales Announces Maximum Effective Rate of Interest
- Tennessee Department of Financial Institutions Announces Location Changes to Improve Customer Service, Lower Costs
- Governor Haslam, Commissioner Boyd Announce Creation of Rural Development Task Force