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Commissioner Gonzales Announces Weekly Formula Rate March 21, 2017

Tuesday, March 21, 2017 | 9:35am

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. 

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Gonzales Appointed to FFIEC State Liaison Committee

Wednesday, March 09, 2016 | 2:51pm

The Federal Financial Institutions Examination Council (Council) announced today the appointment of Tennessee Commissioner Greg Gonzales to the Council's State Liaison Committee.

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