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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 28, 2022

Tuesday, June 28, 2022 | 08:18am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on June 27, 2022.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 17, 2022

Tuesday, May 17, 2022 | 08:18am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.00 percent as published by the Federal Reserve on May 16, 2022.

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