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The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest per annum for home loans as set by the General Assembly in 1987, Public Chapter 291, for the month of November, 2021 is 6.05 percent per annum. The rate as set by the said law is an amount equal to four percentage points above the index of market yields of long-term government bonds adjusted to a thirty (30) year maturity by the U. S. Department of the Treasury. For the most recent weekly average statistical data available preceding the date of this announcement, the calculated rate is 2.05 percent. Persons affected by the maximum effective rate of interest for home loans as set forth in this notice should consult legal counsel as to the effect of the Depository Institutions Deregulation and Monetary Control Act of 1980 (P.L. 96-221 as amended by P.L. 96-399) and regulations pursuant to that Act promulgated by the Federal Home Loan Bank Board. State usury laws as they relate to certain loans made after March 31, 1980, may be preempted by this Act.

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 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on October 4, 2021.

NASHVILLE - While most recognize the color pink in October for Breast Cancer Awareness Month, this October and November marks the second annual Tennessee Pink and Pearl Campaign promoting both breast and lung cancer awareness. The addition of the pearl color represents the ribbon for lung cancer awareness, which is observed in November. While breast cancer is the most common cancer in female Tennesseans, lung cancer is the leading cause of cancer deaths among both men and women.

NASHVILLE, Tenn. – Tennessee’s Adjutant General and representatives from Tennessee’s Department of Health visited three medical facilities in East Tennessee where Soldiers and Airmen with the Tennessee National Guard are actively helping medical staff in their fight against the COVID-19 pandemic, Sept. 30.

TDMHSAS is receiving federal funding to support the mental health needs of people who survived deadly flash flooding in August. More than $116,000 is coming to the state through the FEMA Crisis Counseling Program.

NASHVILLE, Tenn. – Today, Tennessee Governor Bill Lee called for the Tennessee General Assembly to convene on Monday, October 18, 2021 for a special session to address funding, buildout and oversight of Ford Motor Company’s historic $5.6 billion investment at the Memphis Regional Megasite.

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Smith & Wesson Brands, Inc. officials today announced the U.S.-based leader in firearms manufacturing and design will relocate its headquarters and other major operations from Springfield, Massachusetts to Maryville, Tennessee.

The Tennessee Department of Human Services (TDHS) is announcing additional steps to help parents navigate the balance of raising a family and holding down a job. Beginning October 1, 2021, TDHS will increase child care payment assistance rates by 10% across all categories of care in the Child Care Certificate Program

NASHVILLE – The Tennessee Department of Health is working with the United States Department of Agriculture to help prevent rabies by distributing oral rabies vaccine for wild raccoons along Tennessee’s borders with Alabama, Georgia, North Carolina and Virginia. The annual baiting program administered by USDA’s Animal and Plant Health Inspection Service, Wildlife Services, will begin in Tennessee on October 1, 2021.

A North Carolina couple is charged in connection with allegedly reporting they still lived in Tennessee so they could remain enrolled in TennCare.

NASHVILLE, Tenn. - Tennessee Gov. Bill Lee today announced a new Tennessee College of Applied Technology (TCAT) to be developed on the Memphis Regional Megasite in conjunction with Ford Motor Company and SK Innovation’s Blue Oval City.

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 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on September 27, 2021.

NASHVILLE, Tenn. - Tennessee Gov. Bill Lee announced Ford Motor Company has selected the Memphis Regional Megasite for one of the largest battery and vehicle manufacturing campuses in the U.S.

NASHVILLE – The Tennessee Department of Correction (TDOC) joined forces with the Bedford County Sheriff’s Office (BCSO) on Thursday, September 23rd to conduct a joint operation at two Shelbyville secondary schools.