Tenn. Financial Institutions Commissioner Gonzales Announces Weekly Formula Rate August 25, 2026
August 26, 2026
August 26, 2026
NASHVILLE, Tennessee, Aug. 26 -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales issued the following news:
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 25, 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 . . .
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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 25, 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 . . .