COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 21, 2026
NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on April 20, 2026.