NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on January 9, 2023.
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 10, 2023
Tuesday, January 10, 2023 | 08:34amnews | Financial Institutions | Press Releases | tn | Formula Rates
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Former Memphis Restaurant Owner Arrested on Theft Charge
Monday, January 09, 2023 | 02:31pmMEMPHIS - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to the indictment and arrest of Markus Harris, former owner of Double J Smokehouse and Saloon in Memphis.
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Convenience Store Owners Guilty of Theft
Friday, January 06, 2023 | 02:22pmMEMPHIS - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to Yasser Sharhan, age 53, and Nabil Sharhan, age 43, pleading guilty yesterday to theft charges. The charges stem from the Sharhans’ failure to remit sales tax collected from customers at Saver Stop #1 and Saver Stop #3.
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Former Memphis Business Owner Arrested on Theft Charge
Friday, January 06, 2023 | 12:08pmMEMPHIS - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to the indictment and yesterday’s arrest of John Harris, former owner of Double J Smokehouse and Saloon located at 124 GE Patterson Avenue in Memphis. Harris, 55, was booked into the Shelby County Jail on Thursday, and he was released on a $10,000 bond.
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TDEC Announces Additional $125.9 Million in Water Infrastructure Investments
Friday, January 06, 2023 | 08:27am -
Gov. Lee Announces 2023 Inauguration: ‘Tennessee: Leading the Nation’
Thursday, January 05, 2023 | 10:06pmNASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee announced the theme and schedule of events for the 2023 inaugural celebration, ‘Tennessee: Leading the Nation’.
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Weekly East Tennessee Construction Report for January 5-11, 2023
Thursday, January 05, 2023 | 03:17pmA listing of lane closures and road construction activities for 24 East Tennessee counties.
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Gov. Lee Unveils Transportation Plan for Rural and Urban Tennessee
Thursday, January 05, 2023 | 02:37pmNASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee presented his administration’s strategic infrastructure plan to accommodate Tennessee’s record growth, address traffic congestion and meet transportation needs across rural and urban communities. In the coming weeks, the Lee administration will introduce the Transportation Modernization Act of 2023.
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License Plate for Tennesseans with Disabilities to Have New Design in 2023
Thursday, January 05, 2023 | 08:40amNASHVILLE – The motor vehicle passenger license plate for Tennesseans with disabilities will have a look and feel that’s like the blue standard license plate design that hit the roads last year.
Revenue | Intellectual & Developmental Disabilities | Hot Topics
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West TN Lane Closures January 4-11, 2023
Thursday, January 05, 2023 | 06:14amA 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.
news | tn | Press Releases | Transportation
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COMMISSIONER GONZALES ANNOUNCES MAXIMUM EFFECTIVE RATE of INTEREST
Wednesday, January 04, 2023 | 09:31pmThe 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 2023 is 7.95 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 3.95 percent.
news | Financial Institutions | Press Releases | tn | Formula Rates