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    COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 12, 2025
    Wednesday, November 12, 2025 | 09:42am

    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 10, 2025.

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