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The Tennessee Department of Financial Institutions (TDFI)

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 31, 2026
Tuesday, March 31, 2026 | 09:23am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on March 30, 2026.

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 18, 2026
Wednesday, February 18, 2026 | 08:43am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on February 17, 2026.

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