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Tennessee bonds

Tennessee — Mortgage Loan Broker - NMLS Bond

Use this Tennessee mortgage loan broker bond route for the brokerage company. Prepare the license issue date and any closed Tennessee loan volume requested for your application or renewal.

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Recorded state
Tennessee
Bond type
Mortgage Broker Bond
Category
Financial services

What this bond does

Back the brokerage duties in the requested Tennessee bond form.

Who needs it
Tennessee mortgage loan broker companies preparing bond security.
Who it protects
The form identifies the licensing recipient and covered claims; the bond does not guarantee every loan the brokerage arranges.

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.

Bring the broker's renewal records

The department's historical renewal bulletin distinguishes broker and lender amounts and recent-license cases. Keep the broker's own records rather than substituting the lending company's figures.

Use the current broker checklist to determine the actual sum and effective period. Any NMLS bond execution and delivery tasks apply only where the current instructions require them.

Sources

Have these ready

  1. Brokerage name, NMLS ID and license issue date.
  2. Requested Tennessee closed-loan information.
  3. Current broker request, required amount and start date.

Questions about this bond

Is this the lender bond?

No. A separate mortgage lender offering is available. Match the broker class in your request.

Does the page calculate a renewal amount?

It offers one application route, not a renewal calculation. Use current instructions and the records requested for your company.

Where does Purchase Now lead?

To Propeller in a new tab. Application review, issuance and filing follow separately from license approval.

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