The Tennessee Health Club Bond is required by the Consumer Affairs, Department of Commerce and Insurance in the amount of $25,000. The bond states that the bondholder shall make full restitution of any fees, which have been made by a consumer pursuant to the terms of a health club agreement, should the health club go out of business.
Tennessee’s Health Club Bond Act is intended to protect consumers from unfair and deceptive business practices. The Bond Act is specifically designed to make health clubs financially responsible to the health club members with whom they contract. State law requires that all health club agreements be in writing, signed by the buyer, designate the date on which the buyer signs the agreement, and include a statement informing buyers that they have a right to cancel the agreements within three days from the date of signing.
In order to find out the cost of the surety bond, all we need is a completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price.
What is the process of getting a Tennessee Health Club Bond?
First, start the process by using our easy to navigate, free online application form to complete your application. After that, one of our surety agents will contact you with a no-obligation quote on the bond premium. Once you are ready to move forward, you need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been writing Surety Bonds since 2003 and we are licensed in every state. Our excellent service has led us to an A+ rating from the Better Business Bureau.
We offer fast and efficient service. The application process for your Tennessee Health Club Bond can be done in just one business day.
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.