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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 22, 2022

Wednesday, November 23, 2022 | 06:30pm

Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.00 percent as published by the Federal Reserve on November 21, 2022.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 18, 2022

Tuesday, October 18, 2022 | 08:01am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.25 percent as published by the Federal Reserve on October 17, 2022.

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