The Tennessee Mortgage License Bond is required by the Department of Financial Institutions. It is a type of surety bond and is required to obtain a license in the mortgage industry in the state. While the TDFI requires the license and bond, the application process and license administration is managed by the Nationwide Mortgage Licensing System (NMLS). Any person or company acting as a mortgage lender, mortgage loan broker or mortgage loan servicer, or any combination thereof, in Tennessee must first obtain a license under the Tennessee Residential Lending, Brokerage and Servicing Act, Tenn. Code Ann. §§ 45-13-101,et seq., unless excepted pursuant to Tenn. Code Ann. § 45-13-201.

“Mortgage lender” is defined at Tenn. Code Ann. § 45-13-105(14) to mean any person who makes a residential mortgage loan or holds the person out as able to make a residential mortgage loan.
“Mortgage loan broker” is defined at Tenn. Code Ann. § 45-13-105(15) to mean any person who for compensation or other gain, paid directly or indirectly, or in expectation of compensation or other gain, solicits, places, negotiates or originates a residential mortgage loan for another person or offers to solicit, place negotiate or originate a residential mortgage loan for another person or who closes a residential mortgage loan that may be in the mortgage loan broker’s own name with funds provided by another person and which loan is thereafter assigned to the person providing the funding of the loan, regardless of whether the acts are done directly or indirectly, through contact by telephone, by electronic means, by mail or in person with the borrower or borrowers or potential borrower or borrowers.
“Mortgage loan servicer” is defined at Tenn. Code Ann. § 45-13-105(17) to mean any person who, in the regular course of business, assumes responsibility for servicing and accepting payments for a residential mortgage loan.

Tennessee Mortgage License Surety Bond

The bond amount depends on the type of license application:

  • Mortgage Loan Broker  the required bond amount is $90,000. 
  • Mortgage Lender, the required bond amount is $200,000.
  • Mortgage Loan Servicer, the required bond amount is $200,000

The price for the Tennessee Mortgage License Bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Licensing Fees and Requirements:

  • Tennessee Mortgage License Bond
  • Application through NMLS
  • Net worth of $25,000
  • Criminal background check and fingerprinting
  • At least 1 year experience in mortgage industry
  • $700 licensing fee

All licensing fees are required by the obligee, not the surety company. The NMLS has published a check list for the license which can be accessed here.

How to get a Tennessee Mortgage License Bond

At we make it easy to obtain all the surety bonds one may need. Our simple 3 step process is as follows:

  1. Complete our easy to navigate and secure online application form1
  2. Review your free, no obligation quote from one of our surety bond professional agents, usually within 1 business day.
  3. Sign some paperwork and pay the bond premium.

Once these steps have been completed, the Tennessee Mortgage License Bond will be filed electronically by directly with the NMLS.
1- The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license. is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.

Click to Visit our State-by-State Guide to Mortgage industry Surety Bonds

Tennessee Mortgage License Bond

How to Get Your Tennessee Mortgage License Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

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Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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