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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 14, 2018

Wednesday, November 14, 2018 | 09:52am

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on November 13, 2018.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 10, 2018

Wednesday, October 10, 2018 | 04:25pm

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.25 percent as published by the Federal Reserve on October 9, 2018.

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