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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 July, 2023 is 7.87 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 3.87 percent.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.25 percent as published by the Federal Reserve on June 5, 2023.

NASHVILLE, Tenn. – To the naked eye, Demetrius Dotson looks like any other graduate. With a royal blue cap and gown, complete with a silver 2023 emblem dangling from the tassel - his state issued prison blue uniform is hardly noticeable. But Demetrius’ journey is far from average.

SMYRNA, Tenn.— The Tennessee National Guard launched the pilot program of GRIT, Guard Readiness Improvement Training, at the Volunteer Training Site in Smyrna in May.

Agricultural and forestry businesses are on track to strengthen and expand operations thanks to an innovative new program. The Tennessee Department of Agriculture is announcing the first round of recipients for the Tennessee Forestry, Agriculture, and Rural Markets (FARM) cost share.

While Juneteenth is officially celebrated on June 19, the Tennessee State Museum will celebrate the day with a day-long event on Saturday, June 10. This year’s Juneteenth Celebration, “Looking to the Past to Empower the Future,” will feature an edition of our TN Writers | TN Stories series with New York Times bestselling author Sheree Renée Thomas. We'll also have a helpful "In Conversation" event, with a group of panelists who will discuss beginner steps and best practices for preserving your own family history through material culture. Throughout the day, families can enjoy Storytime and craft activities at the Museum. There will also be a dance, poetry and music hour followed by a special panel discussion on preserving Black family history.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.25 percent as published by the Federal Reserve on May 30, 2023.

NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee announced a statewide “Build with Us Tour” to celebrate the landmark Transportation Modernization Act and highlight key infrastructure priorities across rural and urban Tennessee. Gov. Lee’s travel will include stops in all three Grand Divisions throughout June and July, beginning in Fentress County on Thursday, June 1.

Nashville – Tennessee Gov. Bill Lee, Tennessee Department of Veterans Services Commissioner Tommy Baker, and Tennessee Military Department Adjutant General Brigadier General Warner A. Ross II paid tribute to one service member who gave the ultimate sacrifice during the state’s Memorial Day service Thursday afternoon.

NASHVILLE – Statewide, Tennessee continued to experience near-record low unemployment in April, and county jobless rates for the month were just as impressive. The latest numbers for the Department of Labor and Workforce Development (TDLWD) show county unemployment decreased from Shelby to Sullivan counties during the month.

NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee authorized the deployment of 100 Tennessee National Guard troops to secure the U.S. Southern border amid an ongoing national security crisis and surging drug crisis being fueled by an open border.

NASHVILLE, Tenn. – Today, the Tennessee Department of Education released district-level TCAP average scores for third grade ELA from the spring 2023 TCAP administration. Access the 2023 TCAP ELA average scores for each district here.

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and Meco Corporation officials announced today the company will invest $27.8 million to expand its Greeneville, Tennessee, headquarters.