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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.
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News
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- TENNESSEE INDUSTRIAL LOAN & THRIFT INDUSTRY NOTICE OF TRANSITION TO NMLS
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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.
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