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 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.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 5, 2023

Tuesday, December 05, 2023 | 11:23am

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 December 4, 2023.

Read full story

Twitter Widget:Skip to Next Content