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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 13, 2019
Wednesday, November 13, 2019 | 08:46am
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 November 12, 2019.
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News
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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 8, 2019
Tuesday, October 08, 2019 | 04:59pm
Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.00 percent as published by the Federal Reserve on October 07, 2019.
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