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    COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 30, 2021

    Tuesday, November 30, 2021 | 09:52am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on November 29, 2021.

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