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    COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 22, 2019

    Tuesday, October 22, 2019 | 12:56pm

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.00 percent as published by the Federal Reserve on October 21, 2019.

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