Tennessee industrial loan & thrift bonds.
$500 flat.
Tennessee registers consumer lenders under the Industrial Loan and Thrift Companies Act, and a registrant must file a $50,000 surety bond payable to the State with the Commissioner of the Department of Financial Institutions as a condition of registration. Ours is $500 flat.
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How much does a Tennessee industrial loan & thrift bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
TILT registration bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Business details, owner information, a short set of history questions, an effective date, and a term. One soft credit pull, never a hard inquiry, and it never affects your score.
Pay & e-sign
This bond is checkout-priced at $500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Commissioner
Your executed bond arrives by email, ready to file with your TILT registration or renewal at the Department of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Tennessee licenses non-depository consumer lenders as industrial loan and thrift companies under Title 45, Chapter 5. Registration runs through the Department of Financial Institutions, and T.C.A. 45-5-202 conditions a certificate of registration on a $50,000 surety bond payable to the state — or a letter of credit in the same amount, in a form the Commissioner approves.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Tennessee (the obligee). The bond runs for the benefit of any person injured by the wrongful act, default, fraud, or misrepresentation of the registrant or its employees. Only one bond is required per registrant, no matter how many offices you operate.
It is not insurance for you — if the surety pays a claim, you repay the surety. The statute also requires the bond to stay in place for at least 24 months after a certificate expires, is revoked, is suspended, or is surrendered, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Commissioner. Your executed bond arrives by email, ready to file with your TILT registration or renewal at the Department of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, owner information, a short history section, an effective date, and a term.
Start the application →Common questions.
Other Tennessee bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your TILT registration today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.