TN resident fund bonds.
From $100. Apply for your price.
A Tennessee long-term care facility that holds residents’ personal funds in trust must maintain a surety bond on those funds under T.C.A. § 68-11-906. The amount tracks the total you hold in trust — premiums are 1% of the bond amount, $100 minimum.
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Apply to filed in one sitting.
No underwriting queue for the standard resident fund bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the total funds you hold in trust, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information for most filers, so there is no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with health-facility licensing
Submit the executed bond to satisfy your resident-trust-fund requirement. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the resident fund bond actually covers
Many nursing-home residents ask the facility to hold and manage their personal spending money. Tennessee requires a facility that accepts and manages residents’ funds to post a surety bond on those funds under T.C.A. § 68-11-906, so the money is protected if the facility mishandles it.
The bond amount equals the total funds held in trust for the facility’s residents — so it scales with your census and the balances you hold. The facility must also make an annual, audited accounting of those funds available to residents and for public inspection.
The bond protects residents (and the state) against loss if the facility fails to manage the trust funds honestly. If the surety pays a claim, the facility repays the surety. Enter the figure that matches your trust balances — premiums start from $100.
You need this bond if you are
One application, issued on the spot.
Submit the application with the total funds you hold in trust — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Tennessee bonds.
Resident fund bond, issued today.
Premiums from $100. Enter your trust total and file the same day.