ATTENTION
ATTENTION: MORTGAGE COMPANIES, MORTGAGE LOAN ORIGINATORS AND INDUSTRIAL LOAN AND THRIFT COMPANIES!!!
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TDFI News
Photo courtesy of Shelbyville Times-Gazette
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Commissioner Gonzales addresses the state's banking industry before the Senate Commerce, Labor and Agriculture Committee
February 10, 2009 Tennessee Department of Financial Institutions to Launch to Nationwide Mortgage Licensing System
January 26, 2009Commissioner Greg Gonzales announced today that the Tennessee Department of Financial Institutions will "go live" on the Nationwide Mortgage Licensing System (NMLS) effective February 1, 2009. NMLS is a system developed through multi-state cooperation and participation under the auspices of the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. ...More
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Tennessee Department of Financial Institutions Attains 5th National Accreditation
January 22, 2009The Conference of State Bank Supervisors (CSBS) is pleased to announce the recent reaccreditation of the Tennessee Department of Financial Institutions, certifying that the Department maintains the highest standards and practices in state banking supervision. ...More
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Tennessee Department of Financial Institutions to Participate in Nationwide Mortgage Licensing System
October 9, 2008Commissioner Greg Gonzales announced today that the Tennessee Department of Financial Institutions will participate in the Nationwide Mortgage Licensing System and Registry that was developed by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators. ...More
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Welcome
Our financial institutions are symbols of security for most of us. Their role in business and industry is crucial to the growth of our country's economy and to our own personal well-being.
In Tennessee, banking is big business. As of the end of the fiscal year, June 30, 2007, the Department of Financial Institutions regulated 164 state-chartered banks, eight trust companies, two business and industrial development corporations (BIDCOs), 115 credit unions, 885 industrial loan and thrift offices, 74 insurance premium finance companies, 1,577 mortgage companies, 568 check cashers, 1,499 deferred presentment services companies, 758 title pledge lenders and 55 money transmitters. The Department also registers thousands of mortgage loan originators.
The department has legal responsibility for assuring the Tennessee banking system runs on a safe and sound basis. In its supervisory role, the department periodically examines financial soundness of each financial institution it regulates. In addition, consumers' complaints involving Financial Institutions are handled by the department.
The department is the administration's primary source for new bank-related legislation. It also adopts and changes its own administrative regulations to conform to the ever-changing needs of consumers and the industry.
Rates of Interest