Skip to Main Content

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 16, 2019

Wednesday, October 16, 2019 | 02:34pm

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.00 percent as published by the Federal Reserve on October 15, 2019.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 4, 2019

Wednesday, September 04, 2019 | 10:02am

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 September 3, 2019.

Read full story