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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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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 28, 2018

Tuesday, August 28, 2018 | 06:57pm

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 27, 2018.

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