News & Events
NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.25 percent per annum.
The rate is based on a ceiling of 4.25 percent over the weekly average prime loan rate of 4.0 percent as published by the Federal Reserve on July 17, 2017.
Commissioner Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes.
- Notice to Title Pledge Lenders of Transition to NMLS
- Commissioner Gonzales Announces Weekly Formula Rate July 11, 2017
- Commissioner Gonzales Announces Maximum Effective Rate of Interest
- Commissioner Gonzales Announces Weekly Formula Rate July 5, 2017
- Tennessee Receives Federal Disaster Assistance for Memorial Day Weekend Storms
- Gonzales attended the Governors' Bill Signing Ceremony of the Tennessee Broadband Accessibility Act in Brownsville Tuesday, May 16 2017
The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) today announced the election of Greg Gonzales as its Chairman. The SLC Chairman’s term is a one-year period that begins May 1 and runs until April 30 of the following year. The SLC can re-elect the chairman for additional terms.