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A bond form with regard to surety bonds is the document that states the purpose of the bond, the bond penalty, the term, outlines the conditions of the bond, and specifies the parties involved in the agreement. The bond form is a legal document and must be accepted by all parties to the agreement.
The smooth operation of business processes in Tennessee is made possible by the presence of sureties. Tennessee surety bonds have become an important component of most business contracts within the state, because they offer security to customers by guaranteeing safe, quality and reliable services.
The state of Tennessee will only write a surety bond for any person or company that is a resident of, or has a residence or office address in, Tennessee.
Tennessee certificate of title bond costs start at $100 for the state-required 3-year term. Exact costs vary depending on the surety bond amount required by the Department of Revenue. Bond amounts less than $10,000 cost $100. Bond amounts from $10,001 to $25,000 cost $10 for every $1,000 of coverage, starting at $100.
Most bonds purchased in Tennessee are emailed 24-48 business hours after placing an order or 24-48 business hours after sending the NNA your commission letter (depending on your county), but not more than 120 days prior to your expiration date. If you did not receive your bond, please contact us.