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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 17, 2018

Tuesday, April 17, 2018 | 02:18pm

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 April 16, 2018.

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News

Commissioner Gonzales Announces Weekly Formula Rate March 13, 2018

Tuesday, March 13, 2018 | 04:53pm

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.50 percent per annum.

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