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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 27, 2024

Tuesday, August 27, 2024 | 08:31am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on August 26, 2024.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 16, 2024

Tuesday, July 16, 2024 | 08:50am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on July 16, 2024.

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