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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 26, 2023

Tuesday, September 26, 2023 | 08:19am

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 September 25, 2023.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 15, 2023

Tuesday, August 15, 2023 | 08:36am

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 August 14, 2023.

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