News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 25, 2025

Tuesday, March 25, 2025 | 08:17am

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 March 24, 2025.

Read More

Flickr