Any person or business that sells, provides, or performs services to improve a consumer's credit record, history, or rating; obtains an extension of credit for a consumer; or provides advice or assistance regarding these services in return for payment. Required when: Registration with the Division of Regulatory Boards…
Overview
What it is.
Any person or business that sells, provides, or performs services to improve a consumer's credit record, history, or rating; obtains an extension of credit for a consumer; or provides advice or assistance regarding these services in return for payment. Required when: Registration with the Division of Regulatory Boards…
Who usually needs it
Any person or business that sells, provides, or performs services to improve a consumer's credit record, history, or rating; obtains an extension of credit for a consumer; or provides advice or assistance regarding these services in return for payment.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateTNBond amount$100,000Term lengthContinuousObligeeTennessee Department of Commerce and Insurance, Division of Regulatory BoardsRenewalThe bond is continuous and remains in effect until cancelled. While there is no renewal fee for the registration if no changes are made, any change in ownership or the bond itself requires a new initial application.Bond classLicense BondCategoryFinancial ServicesBondCredit Services Business Surety BondStatutory referenceTenn. Code Ann. § 47-18-1011JurisdictionState
