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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 October, 2023 is 8.24 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 4.24 percent.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on September 5, 2023.

KNOXVILLE, Tenn. – During the night of September 2, a medical flight crew from the Tennessee Army National Guard performed an emergency air evacuation mission for a hiker suffering a severe illness in the Great Smoky Mountains National Park.

Today Governor Bill Lee and State Senator Becky Duncan Massey joined the Department of Safety and Homeland Security Commissioner Jeff Long and Deputy Commissioner of Homeland Security Greg Mays to honor and remember outstanding first responders during the 2023 Three Stars of Tennessee Award and First Responder Ceremony.

Nashville, TN — Today, the Tennessee Department of Education invites all Tennesseans to a public rulemaking hearing to provide public comment to the proposed revisions to the Career and Technical Education (CTE) portion of the Tennessee Investment in Student Achievement (TISA) rule definitions. These revisions address the direct allocations component of the TISA Act. The hearing will take place on Thursday, September 21 at 1:00 p.m. CT in Nashville, Tennessee, and a recording of the hearing will be made available to the public after the event on the department’s website.

After collecting 5,230 total votes among four milk logo finalists, the Tennessee Department of Agriculture (TDA) announces the winning Tennessee milk logo design.

NASHVILLE, Tenn. – Roughly 25 Soldiers from the Tennessee National Guard’s 1130th Finance Management Support Detachment departed Tennessee on Tuesday, September 5, on the first leg of a year-long deployment to the Middle East.

To help ensure a safe Labor Day weekend, the Tennessee Highway Patrol (THP) announces they will increase enforcement beginning Friday, Sept. 1, at 6 p.m. and ending Tuesday, Sept. 5, at 5:59 a.m. and encourages everyone to make safe choices on Tennessee’s roadways.

MEMPHIS - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to the indictment and Thursday’s arrest of Brandon Nelson, former owner of Vinegar Jim’s located in Arlington, Tenn. Nelson, 45, was booked into the Shelby County Jail.

Tennessee’s Opioid Abatement Council is opening its community grant application portal to receive proposals for its first round of funding. The portal will be open for groups to submit proposals through October 9, 2023.