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Commissioner Gonzales Announces Weekly Formula Rate July 18, 2017

Tuesday, July 18, 2017 | 10:19am

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.25 percent per annum.

The rate is based on a ceiling of 4.25 percent over the weekly average prime loan rate of 4.0 percent as published by the Federal Reserve on July 17, 2017.

Commissioner Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes. 

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Gonzales Elected as State Liaison Committee Chairman

Monday, May 01, 2017 | 12:00pm

The Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee (SLC) today announced the election of Greg Gonzales as its Chairman. The SLC Chairman’s term is a one-year period that begins May 1 and runs until April 30 of the following year. The SLC can re-elect the chairman for additional terms.

https://www.ffiec.gov/press/pr050117.htm

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