TN industrial loan & thrift bonds.
$2,000 flat.

A Tennessee industrial loan and thrift registrant that proposes to make residential mortgage loans posts a larger bond than a general TILT registrant — $200,000 for the first period of registration, payable to the State and filed with the Commissioner of the Department of Financial Institutions. Ours is $2,000 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 of a TILT registrant making residential mortgage loans under T.C.A. 45-5-202

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Fixed price, fixed amount — $200,000 bond, $2,000 flat, no quote process

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

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How it works

Three steps. One sitting.

Even at the $200,000 penal sum, this is a checkout-priced filing. 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 $2,000 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 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 registers non-depository consumer lenders as industrial loan and thrift companies under Title 45, Chapter 5. T.C.A. 45-5-202 splits the bond requirement in two: general registrants post $50,000, while a registrant that proposes to make residential mortgage loans posts a bond reflecting the dollar amount of residential mortgage loans it originates — set at $200,000 for the first period of registration.

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. 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 keeps the bond on the hook for at least 24 months after a certificate ends, and the Commissioner adjusts the amount at renewal to match your origination volume; we track the term and send renewal notices 60 and 30 days out.

T.C.A. § 45-5-202Section 45-5-202 requires an industrial loan and thrift applicant proposing to make residential mortgage loans to file with the Commissioner of Financial Institutions a surety bond payable to the state, 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. Coverage reflects the dollar amount of residential mortgage loans originated, as determined by the Commissioner; for the first period of registration the bond is $200,000. Only one bond is required regardless of the number of offices, and it must be maintained for not less than 24 months following expiration, revocation, suspension, or surrender of the certificate.

You need this bond if you're

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Registering a TILT company that will originate residential mortgage loans — the first-period $200,000 tier

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Adding residential mortgage lending to an existing Tennessee TILT registration

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Renewing at the $200,000 level because your origination volume keeps you in that tier

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Reinstating a registration that lapsed with an expired bond

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 $200,000 Tennessee industrial loan and thrift bond?The premium is $2,000 flat — set by our carrier's rate book for this bond. The $200,000 penal sum is the first-period amount under T.C.A. 45-5-202 for a registrant making residential mortgage loans, so there is no quote process.

Why is this different from the $50,000 TILT bond?T.C.A. 45-5-202 sets $50,000 for general industrial loan and thrift registrants and a larger, volume-based amount for registrants that make residential mortgage loans — $200,000 for the first period of registration. Pick the tier that matches your registration.

Do I pay the $200,000?No. You pay $2,000. The $200,000 is the surety’s maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

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 $2,000 flat either way.

Does the amount change later?It can. After the first period of registration, the Commissioner sets the penal sum to reflect the dollar amount of residential mortgage loans you originate. We reissue at whatever amount TDFI names at renewal.

Related bonds

Other Tennessee bonds.

Finish your TILT mortgage registration today.

$2,000 flat, issued the moment you pay, soft pull only. Free until issued.

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Your price$2,000

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