TN mortgage loan broker bonds.
0.6% of the bond amount.

Tennessee licenses mortgage loan brokers under the Residential Lending, Brokerage and Servicing Act, and T.C.A. 45-13-204 conditions the license on a surety bond filed with the Commissioner of the Department of Financial Institutions. A first-year broker posts $90,000; after that the amount tracks your Tennessee origination volume. The premium is 0.6% of the bond amount, $100 minimum, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.

✓

Required to hold a TN mortgage loan broker license under T.C.A. 45-13-204

✓

Amount tracks your origination volume — $45,000, $90,000, or $135,000 under Rule 0180-17-.08

✓

0.6% of the bond amount, $100 minimum — exact price at the application

0.6% rate$100 minimumExactprice at the applicationInstantissuance at checkout

Trusted by industry leaders

How it works

Apply to filed in one sitting.

No quote queue on a broker license bond — enter your amount, pay, and file with TDFI. Here is the whole thing:

NOW · ONLINE

Apply online

Your business details, the bond amount your license tier requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

Pricing is 0.6% of the bond amount with a $100 minimum, so the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File through NMLS

Your executed bond arrives by email, ready to upload with your NMLS mortgage loan broker filing 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 mortgage loan brokers through the Department of Financial Institutions under Title 45, Chapter 13 — the Residential Lending, Brokerage and Servicing Act. T.C.A. 45-13-204 requires a licensee to file a surety bond with the Commissioner that provides coverage for each of its mortgage loan originators, in a penal sum that reflects the dollar amount of loans originated.

The tiers live in Rule 0180-17-.08: under $10,000,000 in Tennessee residential mortgage loans originated in the preceding calendar year is a $45,000 bond, $10,000,000 to under $50,000,000 is $90,000, and $50,000,000 or more is $135,000. A broker in its first calendar year of licensing posts $90,000 by statute.

The bond runs in favor of the State for the benefit of any person injured by the wrongful act, default, fraud, or misrepresentation of the licensee. It is not insurance for you — if the surety pays a claim, you repay the surety — and it must be maintained for not less than 24 months after the license expires, is revoked, is suspended, or is surrendered.

T.C.A. § 45-13-204 · Rule 0180-17-.08Section 45-13-204 of the Tennessee Residential Lending, Brokerage and Servicing Act requires a mortgage loan broker to file a surety bond with the Commissioner of Financial Institutions in favor of the state, for the benefit of any person injured by the wrongful act, default, fraud, or misrepresentation of the licensee. For the first calendar year of licensing the bond is $90,000; thereafter the penal sum reflects the dollar amount of loans originated, as determined by the Commissioner. Rule 0180-17-.08 sets the renewal tiers for brokers at $45,000 (under $10,000,000 originated), $90,000 ($10,000,000 to under $50,000,000), and $135,000 ($50,000,000 or more). The bond must be maintained for not less than 24 months after the license ends.

You need this bond if you're

✓

Applying for a Tennessee mortgage loan broker license — the first-year $90,000 tier

✓

Renewing a broker license through NMLS at the tier your prior-year volume sets

✓

Moving up or down a tier because your Tennessee origination volume changed

✓

Reinstating a license that lapsed when the prior bond expired

One application, issued instantly.

These are the actual issuing fields — business details, the bond amount your tier requires, an effective date, and a term.

Start the application →

FAQ

Common questions.

How much is the Tennessee mortgage loan broker bond?The premium is 0.6% of the bond amount with a $100 minimum. At the first-year $90,000 penal sum that is $540; the $45,000 and $135,000 tiers come to $270 and $810. Your exact price appears at the application, before you pay.

What bond amount do I need?A broker in its first calendar year of Tennessee licensing posts $90,000 under T.C.A. 45-13-204. At renewal, Rule 0180-17-.08 sets the amount by prior-year Tennessee origination volume: $45,000 under $10,000,000, $90,000 from $10,000,000 to under $50,000,000, and $135,000 at $50,000,000 or more.

How fast will I have the bond?Pricing is rate-based rather than negotiated, so the bond issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to upload to NMLS.

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 rate stays 0.6% of the bond amount either way.

How long do I have to keep it in force?T.C.A. 45-13-204 requires the bond to be maintained for not less than 24 months following expiration, revocation, suspension, or surrender of the license. We send renewal notices 60 and 30 days out.

Related bonds

Other Tennessee bonds.

Broker license bond, issued today.

0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.

Start application

Your premiumfrom $100

Apply now →