Financial Institutions - TN.gov

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 22, 2020

Tuesday, September 22, 2020 | 09:12am

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 September 21, 2020.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 11, 2020

Tuesday, August 11, 2020 | 08:24am

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 August 10, 2020.

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