(844) 589-9732

Tennessee Flexible Credit Lender Bond

May 8, 2019

The Tennessee flexible credit lender bond is required by the state's Department of Financial Institutions. The bond, when purchased, is filed through NMLS and renews annually. Please call AmeriPro Surety Bonds today at 844-589-9732.

Tennessee Flexible Credit Lender Bond |

AmeriPro Surety Bonds | 844-589-9732




Flexible Credit Lenders – Tennessee




Tennessee flexible credit lender licensees are engaged in the business of providing noncommercial loans for family or personal, or household services, and which:

  • may or may not be secured by personal property;
  • may not have a limitation as to the term of the loan;
  • may have the loan paid off at any time without risk of prepayment.

Flexible credit lenders licensees are also required to furnish evidence of a surety bond to the Tennessee Department of Financial Institutions.

This surety bond, available through AmeriPro Surety Bonds, is filed electronically. Electronic filing of your bond is accomplished through NMLS.




Tennessee Flexible Credit Lender Bond: Amount of Surety Bond Required and the Premium




The Tennessee flexible credit lender bond is a $25,000 surety bond required per location of your business offices. The bond has a maximum cap of $200,000 regardless of the number of offices within the state.

As an applicant for this surety bond, you will complete a standard surety bond application which includes a business or personal credit score check.

Applicants who require a larger surety bond amount may --- or may not be --- asked to provide the following additional information:

  • Banking statements;
  • Whether or not you are party to any lawsuits;
  • Whether you have any unsatisfied judgments or tax liens;
  • Income level;
  • Other information which may be requested to complete the underwriting of your surety bond.

An applicant who is well qualified may pay between 1-5% of the amount of surety bond required; however, the amount that you pay personally will pay may vary somewhat or not at all from this figure. This amount is an estimation.








Your flexible credit lender bond is active for one year from the date of issuance. The surety bond will renew annually.

Its Purpose

The purpose of your flexible credit lender surety bond is a financial guarantee that you will be in compliance with the state’s Flexible Credit Lender Act, and any amendments or additions to the same.

This surety bond protects consumers from any violations of the law on the part of a flexible credit lender and allows such persons to file a claim against your bond.

As the principal of this surety bond, you are agreeing to indemnify the surety for any claims paid; however, you are liable for no more than the aggregate sum of your bond, not including any additional costs and fees.




About Us




AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, court, and fiduciary surety bonds throughout Tennessee and nationwide.

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