COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 22, 2025
Tuesday, April 22, 2025 | 08:38am
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 April 21, 2025.