Skip to Main Content

News & Events

News

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
News

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