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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 23, 2019

Tuesday, April 23, 2019 | 08:28am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on April 22, 2019.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 12, 2019

Tuesday, March 12, 2019 | 08:31am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on March 11, 2019.

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