Tennessee Title Pledge Lender The Title Pledge Lender Surety Bond is required by the state of Tennessee Department of Financial Institutions. This Bond indicates the principal has applied for a license as a Title Pledge Lender in the state of Tennessee. Therefore the principal and all the principal's employees agree to comply faithfully and fully with all obligations expected of them through the permit including paying back any monies back to the Commissioner that may become due. The principal and the principal's employees must also comply with all local and state laws.