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Tennessee bonds

Tennessee — Mortgage Lender - NMLS Bond

Preparing a Tennessee mortgage lender bond application or replacement? Have the company's lending details, license issue date and any requested Tennessee closed-loan volume ready.

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Recorded state
Tennessee
Bond type
Mortgage Lender / Banker Bond
Category
Financial services

What this bond does

Secure the lending company's duties under the requested Tennessee licensing bond.

Who needs it
Tennessee lender companies preparing requested bond security.
Who it protects
The form names the licensing recipient and protected claims; it does not insure the lender's receivables.

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.

Prepare for a new application or renewal

Tennessee's published historical renewal guidance distinguishes lenders from brokers and uses closed Tennessee residential loan volume, with separate treatment of recently issued licenses. These are useful records to have ready.

Use the current lender request for the actual sum and term rather than relying on a historical schedule. Required issuance, execution and delivery follow the provider application.

Sources

Have these ready

  1. Lender name, NMLS ID and first license issue date.
  2. Closed Tennessee loan volume requested in current instructions.
  3. Required sum, effective date and existing bond if replacing it.

Questions about this bond

Can I use a broker's schedule?

Use the current lender instructions. Tennessee's published guidance distinguishes lender and broker security.

Is the old bulletin my current amount?

Do not use its historical schedule alone. Use your current license request and applicable instructions.

How do I begin?

Purchase Now opens Propeller in a new tab. Provider review and issuance are separate from filing and Tennessee's licensing decision.

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