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The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of March, 2025 is 8.78 percent per annum. The rate as set by the said law is an amount equal to four percentage points above the index of market yields of long-term government bonds adjusted to a thirty (30) year maturity by the U. S. Department of the Treasury. For the most recent weekly average statistical data available preceding the date of this announcement, the calculated rate is 4.78 percent.

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 February 3, 2025.

JACKSON, Tenn. - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to Michele Angeline Partee pleading guilty to two counts of use tax evasion.

The Tennessee Bureau of Workers' Compensation is accepting nominations year-round for the Sue Ann Head Award for Excellence in Workers' Compensation.

The Tennessee State Museum has announced the recipients of grants from its Capital Maintenance and Improvements Grant Program for Hurricane Helene Disaster Relief. The funding came from the original $5 million the Tennessee General Assembly made available in the 2024-2025 Appropriations Act, “for the sole purpose of providing grants to museums with a 501(c)(3) nonprofit organization or affiliated with a governmental entity for capital maintenance and improvements.”

The Department of Safety and Homeland Security’s Memphis/Summer Avenue Driver Services and Reinstatement Center, 5266 Summer Ave., Suite 75, which closed for a planned remodel on Oct. 16, will reopen to the public on Monday, Feb. 10.

Volunteer Tennessee is excited to announce mini-grant opportunities for Volunteer Centers and Youth Civic Engagement programs. Both opportunities will support the development and strengthening of volunteer programs and civic engagement initiatives and encourage organizations to utilize community engagement and service to address critical needs throughout the state. Grant applications are due Monday, March 3, 2025, at 3:00 p.m. CST.

NASHVILLE -- The Tennessee Sports Wagering Council (SWC) is reminding everyone before the Super Bowl that wagering with an unlicensed sportsbook by anyone of any age while located in Tennessee is illegal.