Flexible Credit Lenders

Flex loan means a loan pursuant to a written agreement between a licensee and a customer establishing an open-end credit plan under which the licensee contemplates repeated noncommercial loans for personal, family, or household purposes, that:  (A) may be unsecured or secured by personal property;  (B) may be without fixed maturities or limitation as to the length of the term; and (C) are subject to prepayment in whole or in part at any time without penalty.  A person shall be deemed to be engaged in the business of making flex loans in this state if the person induces a consumer, while located in this state, to enter into a flex loan plan in this state through the use of the internet, facsimile, telephone, or other means.  A separate license shall be required for each location from which the business of making flex loans is conducted.


All Flexible Credit license applications, amendments, and renewal filings must be made through the Nationwide Mortgage Licensing System & Registry (NMLS).  Click HERE to access NMLS. 

  • Click HERE to access the TN Flexible Credit License Requirements Checklist in NMLS.


Licensing Contact Information
Email: TDFI.licensing@tn.gov
Phone: (615) 253-6714
Fax: (615) 253-7794