SEVIERVILLE - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to the indictment and arrest of William and Leah Laboy for tax evasion. The Laboys surrendered to Revenue special agents at the Sevier County Detention Center on December 6.

NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee authorized additional Tennessee National Guard support to be sent to the U.S. Southern Border in early 2022 to curb a surging drug crisis.

NASHVILLE, Tenn. – More than 1,000 volunteers across the state joined forces last month to remove 46,067 pounds of litter in their communities as part of the first-ever No Trash November. The month-long initiative was created to ensure Tennessee roadways are safe from the harmful effects of litter in advance of increased holiday travel.

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Sinova Global officials announced today the company will invest $150 million to establish its first manufacturing operations in Tiptonville, Tennessee.

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 January, 2022 is 5.77 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 1.77 percent. Persons affected by the maximum effective rate of interest for home loans as set forth in this notice should consult legal counsel as to the effect of the Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221 as amended by P.L. 96-399) and regulations pursuant to that Act promulgated by the Federal Home Loan Bank Board. State usury laws as they relate to certain loans made after March 31, 1980, may be preempted by this Act.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 6, 2021.

SMYRNA, Tenn. – More than 50 members of the Tennessee National Guard’s 208th Medical Company (Area Support) deployed following a departure ceremony at Smyrna’s Volunteer Training Site, Dec. 6.

PIKEVILLE – A months-long investigation by the Tennessee Department of Correction’s Office of Investigations & Conduct (OIC) has led to the arrests of four people in East Tennessee. The individuals were indicted by a Bledsoe County Grand Jury after conspiring to bring drugs into the Bledsoe County Correctional Complex (BCCX).