Title agencies in Tennessee, besides other licensing requirements are required to furnish evidence of a surety bond. This requirement is mandated as per Title 56, Chapter 35, of the Tennessee Annotated Code.
For both first time licensees and those who need to renew an existing license, AmeriPro Surety Bonds offers the surety bond required.
Your Tennessee title agency bond is a $25,000 surety bond.
As an applicant for this surety bond, you will be required to:
Pricing for the title agency bond may be as low as 1% for this bond; however, pricing may rise to as high as 5% or more. The variable in pricing will be credit scoring.
A Tennessee title agency bond is active for one year from the date of issuance.
In some instances, the bond may be prepaid for up to 3 years. If this is available, this option offers you a savings over year to year renewal of the bond premium.
Title Agency Surety Bond: Its Purpose
The purpose of a title agency surety bond is to serve as a financial guarantee that you will be in compliance with all rules and regulations governing your company’s operations and dealings with the public.
The bond protects Tennessee consumers from all acts of fraud, theft, or malfeasance in the performance of your professional duties.
Such protections also extend to wrongful acts committed by employees of your title agency.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bond throughout Tennessee and nationwide.
Please consider us for your title agency surety bond needs:
Or, you may fill out the form below to be contacted by an agent.