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, 2023 is 7.61 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 3.61 percent.
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Read full storyTuesday, February 07, 2023 | 10:49am
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Read full storyTuesday, February 07, 2023 | 10:38am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.60 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.60 percent as published by the Federal Reserve on February 6, 2023.
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Read full storyTuesday, January 31, 2023 | 08:03am
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 30, 2023.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Read full storyTuesday, 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.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Read full storyWednesday, January 18, 2023 | 01:13pm
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 17, 2023.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Read full storyTuesday, January 10, 2023 | 08:34am
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 9, 2023.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Read full storyWednesday, January 04, 2023 | 09:31pm
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 February 2023 is 7.95 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 3.95 percent.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Read full storyTuesday, August 07, 2018 | 11:55am
NASHVILLE – Governor Bill Haslam and First Lady Crissy Haslam today honored 23 state employees who are helping Tennessee lead by providing outstanding state services every day. The employees, who were nominated by their departments’ leadership for the Governor’s Excellence in Service Awards, were invited to attend a luncheon at the Tennessee Residence for providing efficient and effective service to the state and their fellow Tennesseans. “The employees honored today are on the forefront of improving how Tennessee state government delivers services,” Haslam said. “By exceeding leadership and customer expectations, creating innovative solutions or improving processes and services, these state employees are helping provide taxpayers with the highest quality service at the lowest possible cost.”
Safety & Homeland Security | Veterans Services | Intellectual & Developmental Disabilities | Human Services | Military | Children's Services | Tourist Development | Correction | Environment & Conservation | Mental Health & Substance Abuse Services | Commerce & Insurance | Human Resources | Education | Governor Haslam | Finance & Administration | First Lady Haslam | Transportation | Economic & Community Development | Health | Labor & Workforce Development | Financial Institutions | TennCare | Revenue | Agriculture | General Services
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Read full storyTuesday, February 06, 2018 | 01:48pm
NASHVILLE – Governor Bill Haslam and First Lady Crissy Haslam today recognized 22 state employees for providing outstanding service to the state and their fellow Tennesseans at a luncheon at the Tennessee Residence. The Governor’s Excellence in Service Awards was launched in 2016 to honor outstanding state employees who are helping Tennessee lead by providing efficient and effective state services every day.
Safety & Homeland Security | Human Resources | Education | Governor Haslam | Intellectual & Developmental Disabilities | Finance & Administration | Human Services | Transportation | First Lady Haslam | Military | Economic & Community Development | Health | Children's Services | Tourist Development | Labor & Workforce Development | Correction | Mental Health & Substance Abuse Services | Environment & Conservation | Commerce & Insurance | Financial Institutions | TennCare | Revenue | General Services | Agriculture
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Read full storyTuesday, October 24, 2017 | 08:44am
NASHVILLE – Tennessee Gov. Bill Haslam will hold budget hearings for Fiscal Year 2018-2019 on Monday, November 6 through Thursday, November 9. The hearings will be held in the Executive Conference Room on the ground floor of the State Capitol. Haslam, Finance and Administration Commissioner Larry Martin, Chief Operating Officer Greg Adams and David Thurman, state budget director, will preside over the hearings.
Safety & Homeland Security | Veterans Services | Tennessee Bureau of Investigation | Intellectual & Developmental Disabilities | Human Services | Military | Children's Services | Tourist Development | Correction | Environment & Conservation | Mental Health & Substance Abuse Services | Commerce & Insurance | Human Resources | Education | Higher Education Commission | Governor Haslam | Press Releases | Finance & Administration | Transportation | Economic & Community Development | Health | Labor & Workforce Development | Financial Institutions | TennCare | Revenue | General Services | Agriculture
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Read full storyMonday, February 08, 2016 | 03:58pm
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Read full storyThursday, November 19, 2015 | 12:56pm
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Read full storyTuesday, June 23, 2015 | 05:09am
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Read full storyTuesday, June 23, 2015 | 04:56am
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Read full storyTuesday, June 23, 2015 | 04:43am