News & Events
NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.75 percent per annum.
The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 3.75 percent as published by the Federal Reserve on March 20, 2017.
Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes.
- Commissioner Gonzales Announces Weekly Formula Rate March 14, 2017
- Commissioner Gonzales Announces Maximum Effective Rate of Interest
- Commissioner Gonzales Announces Weekly Formula Rate March 7, 2017
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- Commissioner Gonzales Announces Non-Depository Financial Institution Annual Supervision Fee For Fiscal Year 2016-2017
- Tennessee Department of Financial Institutions Takes Possession of Trust Company Bank, Memphis, Tennessee
The Federal Financial Institutions Examination Council (Council) announced today the appointment of Tennessee Commissioner Greg Gonzales to the Council's State Liaison Committee.