How Do I?
Bank & Trust
Credit Union
Mortgage, Consumer Lending & Money Transmission
Consumer Resources
Commissioner's Corner
Interest Rates/Annual Reports

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 24, 2022

Tuesday, May 24, 2022 | 08:10am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.00 percent as published by the Federal Reserve on May 23, 2022.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 13, 2022

Wednesday, April 13, 2022 | 04:11pm

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.50 percent as published by the Federal Reserve on April 11, 2022.

Read full story

Twitter Widget:Skip to Next Content