What is a Tennessee Title Pledge Lender Bond?
Title Pledge Lender Bonds are required for those who have applied to the Commissioner for the State of Tennessee, Department of Financial Institutions for a license to conduct business in Tennessee as a title pledge lender under the Act. This surety bond is for the benefit of any person injured by the wrongful act, default, fraud or misrepresentation of the bonded principal, its employees, agents, servants, or independent contractors.
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