NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.70 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.70 percent as published by the Federal Reserve on May 9, 2022.

The Tennessee Department of Mental Health and Substance Abuse Services is pausing to observe National Fentanyl Awareness Day (May 10). The day is a remembrance of those lost to fentanyl poisoning and to raise awareness of resources and information to save lives.