TN 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, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.

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Required to register as a TN industrial loan and thrift company under T.C.A. 45-5-202

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Fixed price, fixed amount — $50,000 bond, $500 flat, no quote process

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One bond per registrant — regardless of how many offices you operate

A-ratedA.M. Best carriersInstantissuance at checkout$500 flatsame price at checkout

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How it works

Three steps. One sitting.

TILT registration bonds are among the simplest filings in surety. Here is the entire process:

NOW · ONLINE

Apply online

Business details, owner information, a short set of history questions, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

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.

SAME DAY

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.

About this bond

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.

T.C.A. § 45-5-202Section 45-5-202 sets the procedures for registration under the Tennessee Industrial Loan and Thrift Companies Act. An applicant files with the Commissioner of Financial Institutions a $50,000 surety bond payable to the state, or a letter of credit in the same amount, in a form approved by the Commissioner, 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 regardless of the number of offices, and the bond must be maintained for not less than 24 months following expiration, revocation, suspension, or surrender of the certificate of registration.

You need this bond if you're

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Registering as a Tennessee industrial loan and thrift company — new applicants filing with TDFI

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Renewing a TILT certificate of registration and TDFI needs current bond evidence

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Making consumer loans in Tennessee under Title 45, Chapter 5 rather than a bank charter

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Reinstating a registration that lapsed with an expired bond or letter of credit

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 →

FAQ

Common questions.

How much is the Tennessee industrial loan and thrift bond?The premium is $500 flat — set by our carrier's rate book for this bond, the same for every registrant. The $50,000 bond amount is set by T.C.A. 45-5-202, so there is no quote process, and the price you see is the checkout price.

Do I pay the $50,000?No. You pay $500. The $50,000 is the surety’s maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

What if I plan to make residential mortgage loans?Then the higher tier applies. A TILT registrant that proposes to make residential mortgage loans posts a $200,000 bond for its first registration period — that is our separate Tennessee Industrial Loan & Thrift ($200,000) bond at $2,000 flat.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The price stays $500 flat either way.

How long do I have to keep it in force?T.C.A. 45-5-202 requires the bond to be maintained for not less than 24 months after the certificate of registration expires, is revoked, is suspended, or is surrendered. We send renewal notices 60 and 30 days out.

Related bonds

Other Tennessee bonds.

Finish your TILT registration today.

$500 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$500

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