Skip to Main Content

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 14, 2018

Tuesday, August 14, 2018 | 11:37am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on August 13, 2018.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 17, 2018

Tuesday, July 17, 2018 | 10:39am

NASHVILLE--Tennessee Department of Financial Instititutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.0 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.0 percent as published by the Federal Reserve on July 16, 2018.

Read full story