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The Tennessee Department of Financial Institutions (TDFI)

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 21, 2026
Wednesday, January 21, 2026 | 08:43am

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 January 20, 2026.

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News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 9, 2025
Tuesday, December 09, 2025 | 10:59am

NASHVILLE--Commissioner of Financial Institutions Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.00 percent as published by the Federal Reserve on December 8, 2025.

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