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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 30, 2020
Tuesday, June 30, 2020 | 08:33am
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 June 29, 2020.
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- Commissioner Gonzales Announces Maximum Effective Rate of Interest
News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 2, 2020
Tuesday, June 02, 2020 | 11:19am
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 June 1, 2020.
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