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The Tennessee Department of Financial Institutions (TDFI)

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE SEPTEMBER 1, 2026

Tuesday, September 01, 2026 | 09:15am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on August 31, 2026.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 21, 2026

Tuesday, July 21, 2026 | 09:18am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 6.75 percent as published by the Federal Reserve on July 20, 2026.

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