Tennessee mortgage loan broker bonds.
From $100.
Also known as the Tennessee mortgage broker bond — Tennessee licenses mortgage brokers as loan brokers.
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. A first-year broker posts a $90,000 bond; after that the amount tracks your origination volume. The premium is 0.6% of the bond amount, $100 minimum.
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How much does a Tennessee mortgage loan broker bond cost?
0.6% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote queue on a broker license bond — enter your amount, pay, and file with TDFI. Here is the whole thing:
Apply online
Your business details, the bond amount your license tier requires, an effective date, and a term. No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
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.
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.
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.
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 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.
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 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.
What sets the price
The premium is 0.6% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which 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, the bond amount your tier requires, 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 (this page) | T.C.A. § 45-13-204 · Rule 0180-17-.08 | Varies | From $100 |
| Industrial Loan and Thrift Bond — Residential Mortgage ($200,000) | 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.
Price and requirements checked on the carrier’s application, . Page updated .
Broker license bond, issued today.
0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.