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Tennessee Professional Solicitor Bond

How much does a professional solicitor bond cost in Tennessee?

The Tennessee Secretary of State requires professional solicitors to post $25,000 surety bonds. The price you’ll pay for this bond is subject to underwriting consideration.

Don’t worry if you have low credit! SuretyBonds.com can still get you the bond you need through our exclusive bad credit bonding program.

Give us a call at 1 (800) 308-4358 or submit a bond request to get a free surety bond quote!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Professional Solicitor Bond $25,000 Starts at $250 $1,000-$2,000 $2,500+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. We’ll get you the bond you need as soon as possible!

Why do I need this bond?

By obtaining a Tennessee professional solicitor surety bond, principals (professional solicitors) promise to comply with all provisions stated in the Tennessee Code Annotated 48-101-501.

Let the experts at SuretyBonds.com get you the bond you need! Fill out our online bond request form, and one of our surety experts will contact you right away to walk you through the bonding process.

What’s the fine print?

Tennessee professional solicitor surety bonds are continuous until canceled. If the bond is to be canceled, the surety must give the state written notice 30 days prior to cancellation.

Other Important Information

To act as a professional solicitor, you must first register with the Secretary of State and post a $25,000 surety bond. Prior to commencing a solicitation campaign, a professional solicitor must first submit the following to the Division of Charitable Solicitations and Gaming:

  • a solicitation campaign notice
  • samples or copies of all promotional materials and/or campaign literature used in the campaign
  • a copy of the contract between the professional solicitor and the charitable organization

New charitable organizations must submit quarterly financial reports during the first year of business. These reports must be sent within 30 days of the end of each quarter. The financial reports must contain:

  • contribution amounts disbursed to charitable organizations
  • the amount of money spent for expenses, commissions and overhead
  • the aggregate amount paid to the fundraising counsel and/or professional solicitor
  • gross amount of received contributions

Charitable organizations that have funds solicited on their behalf or plan to solicit contributions from the public must file a registration statement prior to any soliciting. The registration statement must be filed with the Secretary of State.

Begin the bonding process today by receiving a free bond quote from SuretyBonds.com! Click here to get started!

How to become a professional solicitor in Tennessee

Professional solicitors must register with the Tennessee Division of Charitable Solicitations and Gaming before seeking donations from any individual or entity. Applicants must include the following with their application:

  • $800 registration fee
  • $25,000 surety bond
  • copies of contracts with charitable organizations

To renew a registration, the following must accompany the renewal registration:

  • an audited financial statement
  • all forms filed by a charitable organization
  • signatures of 2 authorized officers of the charitable organization on registration renewal statement

Start the bonding process by submitting a bond request now!

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Additional Resources

Tennessee Department of State Professional Solicitor Forms

Summary of Solicitation Campaign Requirements in Tennessee

Tennessee Division of Charitable Solicitations and Gaming Application for Registration of A Professional Solicitor

Professional Solicitor Surety Bond Form

Tennessee Division of Charitable Solicitations and Gaming Solicitation Campaign Notice

Tennessee Secretary of State Professional Solicitor FAQs

Tennessee Charitable Solicitations Act

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