Tennessee Mortgage Licensing | Tennessee Department of Financial Institutions

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Mortgage Banker or Broker | Mortgage Broker, Lender, and Servicer License or Registration

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth:  $25,000 CPA Compiled
  
• Surety Bond: $90,000 (Broker Only), or $200,000 (Broker and Lender)
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$700 – Company License Fee
$900 - $90k Surety Bond (Broker only)
$2,000 - $200k Surety Bond (Lender/Broker)
$200 to $500 – CPA prepared Compiled Financial Statement ($25k Net worth)
$600 – Foreign CorpEntity Fee
$125 – Registered Agent Fee 

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Regulated by:
Tennessee Department of Financial Institutions
414 Union Street, Suite 1000 
Nashville, Tennessee 37219 
Telephone: (615) 741-2236
http://www.state.tn.us/financialinst/