Newsroom

NASHVILLE, Tenn. – Today, Tennessee Gov. Bill Lee is requesting federal emergency assistance for ten counties impacted by the tornadoes and severe storms that took 15 lives and caused significant damage across the state on March 31 and April 1.

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 May, 2023 is 7.75 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 3.75 percent.

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.00 percent as published by the Federal Reserve on April 3, 2023.

– Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and Duracell manufacturing officials announced today the company will invest $25 million to expand its existing battery component manufacturing operations in Cleveland, Tennessee.

TDMHSAS applauds the Food and Drug Administration decision to make the opioid overdose reversal drug Narcan available without a prescription. This decision at the federal level will expand the availability of the life-saving medication even further.

NASHVILLE, Tenn. – Today, one week after the tragic shooting at The Covenant School, Tennessee Governor Bill Lee, Lieutenant Governor Randy McNally, Speaker Cameron Sexton and legislative leadership announced additional actions to strengthen safety at public and private schools across Tennessee. These measures include enhanced legislation and funding to place an armed security guard at every Tennessee public school, boost physical school security at public and private schools, and provide additional mental health resources for Tennesseans.

NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee will travel to West Tennessee to survey storm damage and meet with local officials, following severe weather and tornadoes across the state. Accompanied by Tennessee Emergency Management Agency (TEMA) Director Patrick Sheehan and state officials, the Governor will view damage from the air and visit impacted communities in Tipton and McNairy counties.

NASHVILLE – Many counties across Tennessee experienced significant drops in unemployment in February after the end of seasonal employment impacted January’s numbers, according to new data from the Department of Labor and Workforce Development (TDLWD).

NASHVILLE - Join the Department of Revenue on April 5 at 8:30 am Central time for a free webinar for new businesses.

The Tennessee Department of Agriculture and U.S. Department of Agriculture’s Forest Service are proposing an aerial application of spongy moth mating pheromone in Johnson County this spring. Formerly known as gypsy moth, spongy moth populations have surged in East Tennessee.

Tennessee farmers are doing what it takes to protect their spring crops from the recent dramatic swings in temperatures. With highs in the 80s to overnight lows near freezing, sensitive crops like strawberries need extra support.