Skip to content

Tennessee bonds

Tennessee — Appraisal Management Company Bond

Tennessee's posted AMC form provides $20,000 security and expressly restricts using it to collect credit extended by an appraiser. Match the management company's registration obligation rather than assuming every unpaid invoice is automatically secured.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
Tennessee
Category
Real estate & property

What this bond does

Supply the AMC's Tennessee registration security for the obligations described in the accepted State instrument.

Who needs it
The appraisal management company applying or maintaining registration, not a panel appraiser buying collection insurance.
Who it protects
The form benefits claimants for the registrant's specified AMC obligations, with an express appraiser-credit collection restriction. Its condition and period limit apply; it is not an unconditional collection guarantee.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Check the credit restriction and renewal restoration

Use the registering AMC as principal with the State of Tennessee recipient. Identify the actual management obligation and payment arrangement; the form says it may not assist appraisers in collecting credit the appraiser extended.

The instrument is continuous, specifies a limit for any one biennial registration period and calls for restoring claim-reduced security at biennial renewal. Confirm dates and renewal evidence; those provisions do not create a labeled two-year purchase option or a fresh benefit for every invoice.

Purchase Now opens Propeller. Match the AMC and accepted instrument before applying, then follow Commission filing directions. Checkout does not register or renew the company, or decide whether a particular unpaid amount meets the condition.

Sources

Have these ready

  1. Identify the registering AMC and exact State recipient.
  2. Have the accepted $20,000 form and actual payment arrangement.
  3. Confirm effective dates, continuing evidence and renewal restoration directions.
  4. Coordinate principal/surety execution and Commission submission.

Questions about this bond

Does it guarantee collection of all credit extended by an appraiser?

The posted form expressly says it may not assist appraisers in collecting credit they extended. Match the actual obligation and claim condition instead of assuming a universal collection benefit.

Can claim-reduced security stay reduced at renewal?

The form calls for restoration at biennial renewal. Follow the actual Commission directions rather than assuming a reduced sum remains sufficient.

Does biennial registration label the purchase term?

No. The form's continuing operation, period limit and renewal restoration describe its own condition. Confirm actual dates; this option has no labeled duration.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us