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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 6, 2022

Tuesday, December 06, 2022 | 11:55am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.00 percent as published by the Federal Reserve on December 5, 2022.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 1, 2022

Tuesday, November 01, 2022 | 08:01am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.25 percent as published by the Federal Reserve on October 31, 2022.

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