Tennessee mortgage loan servicer bonds.
$1,200 flat.
Tennessee licenses mortgage loan servicers under the Residential Lending, Brokerage and Servicing Act. Unlike the broker and lender bonds, the servicer bond does not move with volume: T.C.A. 45-13-204 sets the bond at $200,000. Ours is $1,200 flat.
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How much does a Tennessee mortgage loan servicer bond cost?
$1,200 at the $200,000 amount, the same for every applicant.
Three steps. One sitting.
The servicer bond is a single statutory amount, so there is nothing to negotiate. Here is the entire process:
Apply online
Business details, owner information, a short set of history questions, an effective date, and a term. No credit check.
Pay & e-sign
This bond is checkout-priced at $1,200 flat, so it 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 servicer 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 servicers through the Department of Financial Institutions under Title 45, Chapter 13. T.C.A. 45-13-204 sets the servicer bond apart from the broker and lender bonds: the penal sum is a flat $200,000, and Rule 0180-17-.08 confirms that a licensee that is solely a loan servicer maintains $200,000 as a condition of renewal — no origination-volume tiers.
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. Servicing is where escrow, payoffs, and payment application go wrong, so the bond stands behind your handling of Tennessee borrowers’ money.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must be maintained for not less than 24 months after the license expires, is revoked, is suspended, or is surrendered; 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 through NMLS. Your executed bond arrives by email, ready to upload with your NMLS mortgage loan servicer filing at the Department of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,200 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.
No credit check.
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) | 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) (this page) | 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 .
Servicer license bond, issued today.
$1,200 flat, issued the moment you pay, no credit check. Free until issued.