Tenn. Financial Institutions Commissioner Gonzales Announces Weekly Formula Rate July 21, 2026
July 22, 2026
July 22, 2026
NASHVILLE, Tennessee, July 22 -- Tennessee Department of Financial Institutions issued the following news on July 21, 2026:
* * *
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 21, 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 . . .
* * *
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JULY 21, 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 . . .