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Your Tennessee Notary Surety Bond. Tennessee law requires all Notaries to purchase and maintain a $10,000 Notary surety bond for the duration of their 4-year commission. The Notary bond protects the general public of Tennessee against any financial loss due to improper conduct by a Tennessee Notary.

To get a Tennessee surety bond, people generally go to a surety bonding company. You are able to get a surety bond through a general insurance company, but choosing a surety bond company often means you can get better quotes. Learn about how to choose the best surety bond company.

On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount. That means you may be charged between $100 and $1,500 to buy a $10,000 bond policy. Most premium amounts are based on your application and credit health, but there are some bond policies that are written freely.

Examples of these bonds include construction and environmental performance, payment, supply, maintenance, and warranty bonds. Commercial surety helps obtain capacity at the lowest cost for all corporate surety needs.International surety examines the unique surety requirements internationally.

Tennessee title bonds up to $10,000 cost just $100no underwriting required. Bond amounts between $10,000 and $25,000 will also be issued instantly and cost $10 for every $1,000 of coverage. Bond amounts exceeding $25,000 are subject to underwriting consideration.

How long will it take to get my bond? In most instances, surety experts can issue a bond within 24 hours of the initial application. The turnaround time can take longer for riskier bonds that require more complicated underwriting processes, such as contract bonds for construction projects.

A surety is someone who is often mentioned in a bail undertaking. If the defendant fails to appear, the money or property may be 'forfeited to the court'. Another condition used when defendants apply for bail, is the naming of a surety.

Gather the information required to apply for your surety bond. Common necessary details include your business name and address, license number (if you are renewing your bond), and ownership information.

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