Tennessee Appraisal Management Company (AMC) Bonds
Tennessee Appraisal Management Company (AMC) Bond Information
An Appraisal Management Company Surety Bond is required in Tennessee pursuant to T.C.A. § 62-39-408 (b) and Rules & Regulation 1255-08-01 (3) for those having applied for registration as an Appraisal Management Company in Tennessee. The surety bond is issued for the benefit of a claimant against the registrant to secure the performance of the registrant’s obligation and may not be used to assist appraisers in collection efforts of credit extended by the appraiser. The surety bond ensures that the appraisal management company satisfies all of the obligations of an Appraisal Management Company under Tenn. Code Ann. § 62-39-401, et. seq. and complies with all related rules and regulations adopted thereunder.