NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on September 10, 2018.

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 October, 2018 is 7.02 percent per annum.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on September 04, 2018.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on August 27, 2018.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on August 20, 2018.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on August 13, 2018.

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.”

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on August 6, 2018

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 September, 2018 is 7.10 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 3.10 percent.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on July 30, 2018.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on July 23, 2018.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on July 16, 2018.

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on July 9, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5 percent as published by the Federal Reserve on July 2, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5 percent as published by the Federal Reserve on June 25, 2018.