COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 10, 2026
Tuesday, November 10, 2026 | 08:53am
NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.00 percent as published by the Federal Reserve on November 9, 2026.