Tennessee Industrial Loan & Thrift

An “Industrial Loan & Thrift company” is defined as “a person engaged in the business of making loans and imposing the interest and loan charges authorized by T.C.A. 45-5, and includes persons engaged in business as endorsement companies.”

NOTICE:  INDUSTRIAL LOAN & THRIFT COMPANIES TRANSITION TO THE NATIONWIDE MULTISTATE LICENSING SYSTEM (“NMLS”) BEGINNING SEPTEMBER 1, 2018

APPLICATION and REQUIREMENTS:

• Click HERE for the application to register as an industrial loan & thrift company.
• Applicants must undergo a fingerprint criminal background check conducted through the Tennessee Bureau of Investigation (TBI) and the Federal Bureau of Investigation (FBI). Click HERE for fingerprint instructions and required company control persons.
• Surety Bond in the amount of $200,000 if applicant makes or proposes to make residential mortgage loans; otherwise $50,000
  • Click HERE for surety bond template.

UPLOAD ANNUAL REPORT

• Click HERE for TILT Upload Center.