The Tennessee Appraisal Management Company Bond is required by the State of Tennessee in the amount of $20,000. The bond states that the bondholder must faithfully perform all the obligations of an Appraisal Management Company under Tennessee Code 62-39-401. Including any rules or regulations adopted after.
The Tennessee Department of Commerce and Insurance is the regulating entity requiring the surety bond. The bond may not be used to assist appraisers in collection efforts of credit extended by the appraiser. The bond protects the state and is for the benefit of a claimant against the appraisal management company.
The application may be done through the Comprehensive Online Regulatory & Enforcement System at the CORE website. Before you can apply, there are education and experience requirements that must first be met. There are different requirements because there are three different levels of real estate appraisal classifications. Applicants must also pass the tests in order to be qualified for the license.
Where can I get a Tennessee Appraisal Management Company Bond?
Getting this surety bond is easy. Start the process by completing our easy to navigate online application form. Once we receive the application one of our licensed agents will contact you with a no-obligation quote on the bond premium. Then you will sign some paperwork and pay the bond premium. Then your Tennessee Appraisal Management Company bond will be mailed to you. You have the shipping option of USPS Priority Mail or Overnight delivery, for an extra fee. The entire process can take less than a day.
Surety1 has been providing surety bonds since 2003 and is licensed in all 50 states. The company maintains an A+ rating from the Better Business Bureau and represents over a dozen A rated surety companies
Call us toll free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.