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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 16, 2024
Tuesday, July 16, 2024 | 08:50am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on July 16, 2024.
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News
- COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 9, 2024
- COMMISSIONER GONZALES ANNOUNCES MAXIMUM EFFECTIVE RATE of INTEREST
- COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 2, 2024
- COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 25, 2024
- Commissioner Announces Personnel Change in the Bank Division
- COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 18, 2024
News
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 11, 2024
Tuesday, June 11, 2024 | 08:59am
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.50 percent as published by the Federal Reserve on June 10, 2024.
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