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Tenn. Financial Institutions Commissioner Gonzales Announces Weekly Formula Rate May 12, 2026
May 13, 2026
NASHVILLE, Tennessee, May 13 -- Tennessee Department of Financial Institutions issued the following news:

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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 12, 2026

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 publis . . .

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