50-State Financial Services Licensing Compliance Guide
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Tennessee Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Tennessee.

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Company Licenses

Tennessee Financial Services Company Licenses

Tennessee Check Casher Branch License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Check Casher License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Collection Agency Branch Office License

Agency:Tennessee Department of Commerce and Insurance

Initial Registration

Filing Method:

Online

Agency Fee:

$100 registration fee + $25 for each solicitor.

Registration Renewal

Filing Method:

Online

Agency Fee:

$350 renewal fee + $25 for each solicitor.

Due:

Biennially by the date of issuance.

Tennessee Collection Agency License

Agency:Tennessee Department of Commerce and Insurance
Bond Requirements:

$15,000 for agencies with 1-4 certified employees, $20,000 for agencies with 5-9 certified employees, and $25,000 for agencies with 10 or more certified employees.

Initial Registration

Filing Method:

Online

Agency Fee:

$750 application fee + $600 registration fee and $25 for each solicitor after the license is approved.

Registration Renewal

Filing Method:

Online

Agency Fee:

$350 renewal fee + $25 for each solicitor.

Due:

Biennially by the date of issuance.

Amendment

Agency Fee:

$0

Notes:

Changes to an agency's address should be emailed to Collection.Service@TN.Gov along with an amended surety bond and corporate bond.

Reinstatement

Agency Fee:

$100 late renewal fee + standard renewal fees.

Notes:

Expired licenses can be reinstated for up to 60 days after the expiration date. Licenses expired for more than 60 days cannot be reinstated and the license holder must reapply.

Tennessee Deferred Presentment Branch License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $625 license/registration fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Deferred Presentment License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $625 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Exempt Mortgage Company Registration

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 NMLS processing fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Tennessee Flexible Credit Branch License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $1025 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,025

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Flexible Credit License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1025 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,025

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Industrial Loan and Thrift Company Branch Registration

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Industrial Loan and Thrift Company Registration

Agency:Tennessee Department of Financial Institutions - Compliance Division
Law:

TN Code § 45-5-103

Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

New Application

Filing Method:

Online

Agency Fee:

$600

Registration Renewal

Filing Method:

Online

Agency Fee:

$600 renewal fee + $100 processing fee

Due:

Annually by December 31.

Supplemental Reporting

Agency Fee:

$0

Due:

Annually by July 31.

Law:

TN Code § 45-5-503

Notes:

Each registrant shall file an annual report with the commissioner by July 31 of each year, containing the following information:

 

  • The names and addresses of persons owning controlling interest in the registrant;
  • The location of all places of business operated by the registrant and the nature of the business conducted at each location;
  • The names and addresses of all affiliated lenders and affiliated insurance companies doing business in this state;
  • Balance sheets, statements of income and expense, summaries of the types of loans made, and other statistical information that may reasonably be required by the commissioner, consistent with generally accepted accounting practices, for the purpose of determining the general results of operations under this chapter; and
  • If the registrant is a corporation, the names and addresses of its officers and directors, or if the registrant is a partnership, the names and addresses of the partners.

Tennessee Money Transmitter License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $15 credit report fee + $36.25 background check fee + $0.25 fee per agent per year

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Mortgage Branch Authorization

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Tennessee Mortgage License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $1025 license/registration fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,025

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Premium Finance Company Branch License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Premium Finance Company License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Title Pledge Lender Branch License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Tennessee Title Pledge Lender License

Agency:Tennessee Department of Financial Institutions - Compliance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$625 license/registration fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$625

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Individual Licenses

Tennessee Individual Financial Services Licenses

Tennessee Mortgage Loan Originator License

Agency:Tennessee Department of Financial Institutions - Compliance Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $100 license/registration fee + $100 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024. Complete data last reviewed January 08, 2019.
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