A Litigation Financier Bond is required for businesses in Tennessee that provide funding to people involved in lawsuits. These companies give money to plaintiffs while their case is ongoing, in exchange for a portion of any settlement or judgment. The state requires this $50,000 bond to protect consumers from unethica…
Overview
What it is.
A Litigation Financier Bond is required for businesses in Tennessee that provide funding to people involved in lawsuits. These companies give money to plaintiffs while their case is ongoing, in exchange for a portion of any settlement or judgment. The state requires this $50,000 bond to protect consumers from unethica…
Who usually needs it
Litigation financiers in Tennessee—individuals or businesses that provide non-recourse cash advances to consumers in exchange for a percentage interest in pending lawsuit settlements—must obtain this bond as required under the Tennessee Litigation Financing Consumer Protection Act (TCA § 47-16-103) to protect consumers from unfair or deceptive practices.
Pricing & timing
What to expect.
Generic pricing
Appeal bonds (supersedeas bonds) are required to stay execution of a judgment while an appeal is pending. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Typically 100–150% of the judgment amount. • What affects pricing: Case amount, type of appeal, credit and financial strength. • Collateral: Often required (ILOC or cash collateral). • Expedited service: Available for time-sensitive appeals</…
Typical timeframe
Court application — expedited service available
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$50,000ObligeeState of TennesseeBond classAppeal BondCategoryOtherBondLitigation Financier BondPlain descriptionA Litigation Financier Bond is required for businesses in Tennessee that provide funding to people involved in lawsuits. These companies give money to plaintiffs while their case is ongoing, in exchange for a portion of…Who needs this bondLitigation financiers in Tennessee—individuals or businesses that provide non-recourse cash advances to consumers in exchange for a percentage interest in pending lawsuit settlements—must obtain this bond as required un…