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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on October 16, 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 Maximum Effective Rate of Interest
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NASHVILLE – Governor Bill Haslam and First Lady Crissy Haslam today recognized 23 state employees for providing outstanding service to the state and their fellow Tennesseans at a luncheon at the Tennessee Residence. The Governor’s Excellence in Service Awards was launched in 2016 to honor exceptional state employees who are transforming how the state delivers services every day.