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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE FEBRUARY 11, 2025
Wednesday, February 12, 2025 | 10:31am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on February 10, 2025.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 30, 2024
Monday, December 30, 2024 | 03:57pm
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on December 30, 2024.
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