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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 21, 2024

Wednesday, February 21, 2024 | 08:20am

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 February 20, 2024.

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 9, 2024

Tuesday, January 09, 2024 | 03:29pm

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 January 8, 2024.

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