Tennessee Debt Resolution Services Provider Bond

A surety bond required as part of licensing for debt resolution services providers in Tennessee. The bond is intended to protect consumers and the State by providing a source of recovery if the licensee violates the Tennessee Debt Resolution Services Act or related licensing requirements.

Bond amount$50,000
State or jurisdictionTennessee
ObligeeTennessee Department of Commerce & Insurance (TDCI)

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Overview

What it is.

A surety bond required as part of licensing for debt resolution services providers in Tennessee. The bond is intended to protect consumers and the State by providing a source of recovery if the licensee violates the Tennessee Debt Resolution Services Act or related licensing requirements.

Who usually needs it

Businesses and individuals offering debt resolution services to Tennessee consumers who must be licensed by the Tennessee Department of Commerce & Insurance (TDCI).

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Frequently asked

Common questions.

Who must file the Tennessee Debt Resolution Services Provider Bond?

Businesses and individuals that provide debt resolution services to Tennessee consumers and must be licensed by the Tennessee Department of Commerce & Insurance (TDCI) are required to file this bond as part of the licensing process under the Tennessee Debt Resolution Services Act.

What is the bond amount for the Tennessee Debt Resolution Services Provider Bond?

Tennessee’s licensing announcement states that the required surety bond is **up to $50,000** for debt resolution services providers (the exact amount may depend on program rules and TDCI direction). Always confirm the required penal sum when applying for the license.

What requirement change created this bond need in Tennessee?

Tennessee announced new licensing requirements and consumer protections under the Tennessee Debt Resolution Services Act. As part of licensure through TDCI, providers must file a surety bond (up to $50,000) along with other items such as required disclosures, forms, and background checks.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.