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.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on June 18, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on June 11, 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 July, 2018 is 7.0 percent per annum.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on May 29, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on May 21, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on May 14, 2018.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on May 7, 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 June, 2018 is 7.12 percent per annum.

Commissioner Gonzales pleased to present the 43rd Annual Report of the Department of Financial Institutions. The Department regulates banks, credit unions, trust companies, business and industrial development corporations, industrial loan and thrift companies, insurance premium finance companies, mortgage lenders, brokers, servicers and originators, title pledge lenders, check cashers, deferred presentment services companies, money transmitters and flexible credit act lenders.

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on April 30, 2018.

The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) today announced the re-election of Greg Gonzales as its Chairman. The SLC Chairman’s term is a one-year period that begins May 1 and runs until April 30 of the following year. The SLC can re-elect the chairman for additional terms. Gonzales is the 18th commissioner of the Tennessee Department of Financial Institutions. He began serving in this role in 2005 and was reappointed by Governor Bill Haslam. He has served in the department since 1986. In this position, Gonzales serves as Tennessee’s chief regulatory officer of all state-chartered depository and licensed non-depository financial institutions.