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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 12, 2018

Tuesday, June 12, 2018 | 05:07pm

NASHVILLE-- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on June 11, 2018.

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Tennessee Department of Financial Institutions 2017 Annual Report

Tuesday, May 01, 2018 | 03:34pm

Commissioner Gonzales pleased to present the 43rd Annual Report of the Department of Financial Institutions. The Department regulates banks, credit unions, trust companies, business and industrial development corporations, industrial loan and thrift companies, insurance premium finance companies, mortgage lenders, brokers, servicers and originators, title pledge lenders, check cashers, deferred presentment services companies, money transmitters and flexible credit act lenders.

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