Financial Institutions

The Tennessee Department of Financial Institutions (TDFI)

How Do I?
Bank & Trust
Credit Union
Mortgage, Consumer Lending & Money Transmission
Consumer Resources
Commissioner's Corner
Interest Rates/Annual Reports
News & Events
News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 1, 2025
Tuesday, July 01, 2025 | 09:26am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on June 30, 2025.

Read full story
News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 20, 2025
Tuesday, May 20, 2025 | 07:54am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on May 19, 2025.

Read full story