Tennessee 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, filed with the Commissioner of the Department of Financial Institutions. Ours is $2,000 flat.
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How much does a Tennessee industrial loan & thrift bond cost?
$2,000 at the $200,000 amount, the same for every applicant.
Three steps. One sitting.
Even at the $200,000 penal sum, this is a checkout-priced filing. 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 $2,000 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 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 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.
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 $200,000 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 at the Department of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $2,000 at the $200,000 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.
Tennessee mortgage license bonds.
We write 4 mortgage license bonds in Tennessee. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Loan Broker Bond | T.C.A. § 45-13-204 · Rule 0180-17-.08 | Varies | From $100 |
| Industrial Loan and Thrift Bond — Residential Mortgage ($200,000) (this page) | T.C.A. § 45-5-202 | $200,000 | $2,000 |
| Mortgage Lender Bond | T.C.A. § 45-13-204 · Rule 0180-17-.08 | Varies | From $100 |
| Mortgage Loan Servicer Bond ($200,000) | T.C.A. § 45-13-204 · Rule 0180-17-.08 | $200,000 | $1,200 |
Other Tennessee bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your TILT mortgage registration today.
$2,000 flat, issued the moment you pay, soft pull only. Free until issued.