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Commissioner Gonzales Announces Weekly Formula Rate for June 29, 2015

Monday, June 29, 2015 | 8:03am

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum.

The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on June 29, 2015.

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Commissioner Gonzales Announces Weekly Formula Rate for June 23, 2015

Wednesday, June 24, 2015 | 10:39am

NASHVILLE -- Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum.

The rate is based on a ceiling of 4.00 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on June 22, 2015.

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