IA debt management license bonds.
$375 flat.
Iowa licenses debt management businesses — companies that manage, adjust, or settle the debts of Iowa debtors — through the superintendent of banking under Iowa Code chapter 533A. Each license application must be accompanied by a $25,000 bond in favor of the people of the state of Iowa, and the license is processed through NMLS. Ours is $375 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Debt management license bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $375 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email and delivers on the NMLS surety bond track to the Iowa Division of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Iowa Code chapter 533A requires anyone engaging in debt management for Iowa debtors — debt settlement, debt adjusting, credit counseling that handles client funds — to hold a license from the superintendent of banking. Under section 533A.2(4), each application must be accompanied by a bond approved by the superintendent, in favor of the people of the state of Iowa, in the penal sum of $25,000 for each office. The Iowa Division of Banking administers the license through NMLS.
It's a three-party arrangement: you (the principal), the surety carrier, and the people of the state of Iowa (the obligee). The bond is conditioned on your not violating any law pertaining to the debt management business and on the faithful accounting of all moneys collected on accounts entrusted to you — it indemnifies debtors for losses from conduct chapter 533A prohibits.
It is not insurance for you — if the surety pays a claim, you repay the surety. The statute bars engaging in debt management until a good and sufficient bond is on file, and a canceled bond is grounds for discipline — so the bond has to stay continuously in place; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Iowa bonds.
Finish your debt management license today.
$375 flat, issued the moment you pay, soft pull only. Free until issued.