Tennessee Litigation Financier Bond Guide
You’re financially supporting legal cases through litigation funding in Tennessee, you’ll need a $50,000 surety bond.
Bond Overview
- Purpose: To ensure financiers uphold funding agreement terms and act ethically
- Who Needs It: Litigation financiers in Tennessee
- Regulating Body: The Secretary of State, Business Services Division
- Required Coverage: $50,000
- Premium Rate: Credit-based, starting at $500
Learn all about the bonding process in this guide.
What Is a Tennessee Litigation Financier Bond?
Tennessee litigation financier or litigation funding bonds are required for third-party investors who provide financial support in legal cases.
These surety bonds are required for statewide licensing in Tennessee.
How Much Do Litigation Financier Bonds Cost in Tennessee?
The $50,000 litigation funding bond typically costs 1–2% of the bond amount for qualified applicants. That means you could pay as low as $500 for your policy.
Apply now for a free, personalized quote.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Tennessee Litigation Financier Bond Work?
As with all surety bonds, this bond creates a financial guarantee between three parties:
- Principal: You, the litigation funder filing the bond
- Obligee: The Secretary of State, Business Services Division requiring the bond
- Surety: The provider issuing the bond
The bond contract ensures that you will comply with the Tennessee Litigation Financing Consumer Protection Act. If you fail to do so, the surety will compensate harmed parties up to the bond's value.
Who Needs a Litigation Financier Bond?
All litigation financiers need to register with the Tennessee Secretary of State and file a $50,000 bond as financial security.
How Do I Get a Litigation Financier Bond in Tennessee?
SuretyBonds.com provides the fastest and easiest way to get a litigation funding bond:
- Apply online at SuretyBonds.com
- Get a free quote within one business day
- Purchase your bond online
- File the bond with the obligee
If you’re in a rush to receive your physical bond document, we offer a next-day shipping option.
How Do I Renew My Litigation Financier Bond?
You must renew your bond annually to maintain your litigation financier license. We’ll email and text you the quote invoice during the renewal period.
Simply pay the renewal invoice to extend the bond term for another year. Some bonds are also eligible for a three-year term, saving you 25% and time on renewals.
