Tenn. Financial Institutions Commissioner Gonzales Announces Weekly Formula Rate Aug. 11, 2026
August 12, 2026
August 12, 2026
NASHVILLE, Tennessee, Aug. 12 -- Tennessee Department of Financial Institutions issued the following news:
* * *
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 11, 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 pu . . .
* * *
COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE AUGUST 11, 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 pu . . .