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  • Commissioner Gonzales Announces Weekly Formula Rate January 9, 2018

    Tuesday, January 09, 2018 | 09:52am

    NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.50 percent as published by the Federal Reserve on January 8, 2018.

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  • Commissioner Gonzales Announces Weekly Formula Rate January 3, 2018

    Wednesday, January 03, 2018 | 09:56am

    NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.50 percent as published by the Federal Reserve on January 02, 2018.

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  • Commissioner Gonzales Announces Maximum Effective Rate of Interest

    Wednesday, January 03, 2018 | 09:54am

    The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of February, 2018 is 6.76 percent per annum.

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  • Commissioner Gonzales Announces Weekly Formula Rate December 27, 2017

    Wednesday, December 27, 2017 | 07:22am

    NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.50 percent as published by the Federal Reserve on December 26, 2017.

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  • Commissioner Gonzales Announces Weekly Formula Rate December 19, 2017

    Tuesday, December 19, 2017 | 07:16am

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on December 18, 2017.

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  • Commissioner Gonzales Announces Weekly Formula Rate December 12, 2017

    Tuesday, December 12, 2017 | 11:29am

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on December 11, 2017.

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  • Commissioner Gonzales Announces Weekly Formula Rate December 5, 2017

    Tuesday, December 12, 2017 | 11:18am

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on September 25, 2017.

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  • Commissioner Gonzales Announces Maximum Effective Rate of Interest

    Tuesday, December 05, 2017 | 11:09am

    The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of January, 2018 is 6.78 percent per annum.

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  • Commissioner Announces Weekly Formula Rate 11/28/2017

    Tuesday, November 28, 2017 | 10:52am

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on November 27, 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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  • Commissioner Gonzales Announces Weekly Formula Rate November 21, 2017

    Tuesday, November 21, 2017 | 02:23pm

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on November 20, 2017.

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  • Commissioner Gonzales Announces Weekly Formula Rate November 14, 2017

    Tuesday, November 14, 2017 | 02:19pm

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on November 13, 2017.

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  • Commissioner Gonzales Announces Weekly Formula Rate November 7, 2017

    Tuesday, November 07, 2017 | 02:17pm

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on November 6, 2017.

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  • Commissioner Gonzales Announces Maximum Effective Rate of Interest

    Tuesday, November 07, 2017 | 02:14pm

    The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of December, 2017 is 6.85 percent per annum.

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  • Bank Holiday Schedule

    Monday, November 06, 2017 | 02:10pm

    In response to anticipated questions, this will serve as confirmation that Tennessee state-chartered banks may be closed on Thursday, November 23, 2017 and Friday, November 24, 2017, if they wish, provided that adequate notice is given to customers prior to the closing. Therefore, no separate notice by the bank to this office is required.

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  • Commissioner Gonzales Announces Weekly Formula Rate October 31, 2017

    Tuesday, October 31, 2017 | 02:05pm

    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 percent over the weekly average prime loan rate of 4.25 percent as published by the Federal Reserve on October 30, 2017.

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