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Wednesday, January 05, 2022 | 10:19am
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Governor Lee, Commissioner Rolfe Announce Parkway Products, LLC to Expand Operations in Greene County
Wednesday, January 05, 2022 | 09:00am -
TDOT Ready for Winter Weather
Wednesday, January 05, 2022 | 08:50amNASHVILLE –The Tennessee Department of Transportation assures motorists it is stocked and ready to clear roadways of ice and snow. Salt supplies have been replenished in all 95 counties in preparation for the winter season, and crews have readied snow plows and brine trucks. Crews are already out today, pre-treating state routes and interstates ahead of Thursday’s snow. Please give them plenty of room to work.
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Announcement of Maximum Effective Rate of Interest on Home Loans
Tuesday, January 04, 2022 | 02:27pmThe Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of February, 2022 is 5.91 percent per annum. The rate as set by the said law is an amount equal to four percentage points above the index of market yields of long-term government bonds adjusted to a thirty (30) year maturity by the U. S. Department of the Treasury. For the most recent weekly average statistical data available preceding the date of this announcement, the calculated rate is 1.91 percent. Persons affected by the maximum effective rate of interest for home loans as set forth in this notice should consult legal counsel as to the effect of the Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221 as amended by P.L. 96-399) and regulations pursuant to that Act promulgated by the Federal Home Loan Bank Board. State usury laws as they relate to certain loans made after March 31, 1980, may be preempted by this Act.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 4, 2022
Tuesday, January 04, 2022 | 02:19pmNASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on January 3, 2022. Commissioner Gonzales said the rate remains in effect until the average prime loan rate as announced by the Federal Reserve Bank changes. Chapter 464, Public Acts of 1983, the legislation regulating interest rates in Tennessee, requires that the commissioner of Financial Institutions make an announcement weekly of the formula rate of interest. Alica Owen Public Information Officer Tennessee Department of Financial Institutions (615) 289-4738
news | Financial Institutions | Press Releases | tn | Formula Rates
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Year in Review: Tennessee National Guard is Always Ready
Tuesday, January 04, 2022 | 09:10amNASHVILLE, Tenn. Over the past year, the Soldiers and Airmen of the Tennessee National Guard have been involved in one of the most eventful and historic periods in its 246 year history. Thousands of Guardsmen volunteered to serve their state and country throughout 2021, ensuring the National Guard’s promise to be “Always Ready and Always There.”
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Grant Opportunity for Crime Victime Safe Space for TN Courthouses
Tuesday, January 04, 2022 | 06:33amTennessee counties have an opportunity to improve safety for crime victims when they appear in court to support charges against perpetrators.
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TN Budget Decisions Lean on Data and Outcomes
Thursday, December 30, 2021 | 03:20pmTennessee is using a new tool in developing the state budget as the state continually works toward greater efficiencies and better delivery of services.
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West Tennessee Weekly Construction December 29, 2021 - January 5, 2022
Thursday, December 30, 2021 | 12:11pmA complete list of lane closure activity due to construction or maintenance operations on state-owned roads within the 21 west Tennessee counties of TDOT Region 4.
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Tennessee Completes Annual Financial Report
Wednesday, December 29, 2021 | 11:46amThe state of Tennessee has completed its annual financial report for fiscal year 2020-21.
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Tennessee Highway Patrol Announces Plan for Enforcement During New Year's Eve Holiday Period \
Tuesday, December 28, 2021 | 01:11pmNASHVILLE –The Tennessee Highway Patrol (THP) will conduct a strict traffic safety enforcement campaign during the 2021 New Year’s Eve holiday period beginning Friday, December 31, at 6:00 p.m. and concluding Sunday, January 2, at 11:59 p.m. State troopers will perform traffic saturation patrols, seat belt, sobriety, and driver’s license checkpoints during the holiday. All of Tennessee’s 95 counties will have troopers working to ensure a safe holiday.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 28, 2021
Tuesday, December 28, 2021 | 08:12amNASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on December 27, 2021.
news | Financial Institutions | Press Releases | tn | Formula Rates
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Important Notice: Tax Filing Extension: December 2021 Storms, Tornadoes, and Flooding
Wednesday, December 22, 2021 | 02:38pm -
November Unemployment Numbers Drop in Most Counties
Wednesday, December 22, 2021 | 01:30pmNASHVILLE – The employment situation improved in a majority of Tennessee’s counties during November, according to data from the Department of Labor and Workforce Development. This comes after the statewide unemployment rate returned to pre-pandemic levels for the month.