What is an Tennessee Mortgage Broker Bond? 

Tennessee Mortgage Broker Bonds are required by Tennessee’s Department of Financial Institutions to obtain your Mortgage Broker license. The Tennessee Mortgage Broker Bond amount is set at $90,000.  

The State requires a Mortgage Broker bond for :  

A $90,000 surety bond is required for a mortgage broker license in Tennessee. 

Different parts of a bond:

 There are 3 parts to a Mortgage broker surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Mortgage Broker Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.

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Program:

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Tennessee Mortgage Broker Bond Information and Requirements:

A $90,000 surety bond is required for a mortgage broker license in Tennessee.