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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 24, 2023
Tuesday, January 24, 2023 | 03:00pm
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on January 23, 2023.
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 13, 2022
Tuesday, December 13, 2022 | 10:48am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner 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 December 12, 2022.
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