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Tennessee Credit Services Business Bond

Tennessee Credit Services Business Bond

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Who Requires the Credit Services Business Bond and Why Is It Needed?

Graphs. Credit Services Organization bond for those who offer professional credit services

Credit service businesses in Tennessee must register with the Division of Consumer Affairs and furnish a $100,000 surety bond for the benefit of the Department of Commerce and Insurance. The bond ensures their that the organization conducts business in an ethical and lawful manner. 

A credit services business is defined by the state of Tennessee as any person who, with respect to the extension of credit by others, sells, provides, or performs, or represents that such person can or will sell, provide, or perform any of the following services in return for the payment of money or other valuable consideration:

  • Improves a consumer’s credit record, history, or rating;
  • Obtains an extension of credit for a consumer; or
  • Provides advice or assistance to a consumer with regard to either of these.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Tennessee Credit Services Business Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

List of Tennessee surety bonds.

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