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    News

    COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 11, 2018

    Tuesday, December 11, 2018 | 02:20pm

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on December 10, 2018.

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