Tenn. Financial Institutions Commissioner Gonzales Announces Weekly Formula Rate June 23, 2026
June 24, 2026
June 24, 2026
NASHVILLE, Tennessee, June 24 -- Tennessee Department of Financial Institutions issued the following news on June 23, 2026:
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 23, 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 6.7 . . .
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JUNE 23, 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 6.7 . . .