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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 23, 2021

    Tuesday, February 23, 2021 | 08:02am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 22, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 17, 2021

    Wednesday, February 17, 2021 | 10:29am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 16, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 9, 2021

    Tuesday, February 09, 2021 | 08:46am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 8, 2021.

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  • Announcement of Maximum Effective Rate of Interest on Home Loans

    Tuesday, February 02, 2021 | 11:57am

    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 March, 2021 is 5.81 percent per annum.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 2, 2021

    Tuesday, February 02, 2021 | 11:51am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on February 1, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 26, 2021

    Tuesday, January 26, 2021 | 08:01am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 25, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 20, 2021

    Wednesday, January 20, 2021 | 08:17am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 19, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 12, 2021

    Tuesday, January 12, 2021 | 08:11am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 11, 2021.

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  • Announcement of Maximum Effective Rate of Interest on Home Loans

    Tuesday, January 05, 2021 | 03:26pm

    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, 2021 is 5.66 percent per annum.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 5, 2021

    Tuesday, January 05, 2021 | 03:21pm

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 5, 2021.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 29, 2020

    Tuesday, December 29, 2020 | 08:03am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 28, 2020.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 22, 2020

    Tuesday, December 22, 2020 | 08:04am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 21, 2020.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 15, 2020

    Tuesday, December 15, 2020 | 08:58am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 14, 2020.

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  • Announcement of Maximum Effective Rate of Interest on Home Loans

    Tuesday, December 08, 2020 | 12:02pm

    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, 2021 is 5.67 percent per annum. The rate as set by the said law is an amount equal to four percentage points above the index of market yields of long-term government bonds adjusted to a thirty (30) year maturity by the U. S. Department of the Treasury. For the most recent weekly average statistical data available preceding the date of this announcement, the calculated rate is 1.67 percent.

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  • COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 8, 2020

    Tuesday, December 08, 2020 | 11:53am

    NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 7, 2020.

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