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 OCTOBER 1, 2024

Tuesday, October 01, 2024 | 09:11am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.00 percent as published by the Federal Reserve on September 30, 2024.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 20, 2024

Tuesday, August 20, 2024 | 08:28am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on August 19, 2024.

Read full story

Twitter Widget:Skip to Next Content