Skip to Main Content

  • Commissioner Gonzales Announces Weekly Formula Rate February 13, 2018

    Tuesday, February 13, 2018 | 09:37am

    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 February 12, 2018.

    Read full story
  • Commissioner Gonzales Announces Weekly Formula Rate February 6, 2018

    Tuesday, February 06, 2018 | 09:58am

    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 February 5, 2018.

    Read full story
  • Commissioner Gonzales Announces Maximum Effective Rate of Interest

    Tuesday, February 06, 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 March, 2018 is 6.99 percent per annum.

    Read full story
  • Commissioner Gonzales Announces Weekly Formula Rate January 30, 2018

    Tuesday, January 30, 2018 | 05:14pm

    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 29, 2018.

    Read full story
  • Commissioner Gonzales Announces Weekly Formula Rate January 23, 2018

    Tuesday, January 23, 2018 | 01:47pm

    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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story
  • 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.

    Read full story