Iowa exempt company registration bonds.
$600 flat.
A mortgage company exempt from Iowa lender or broker licensing that still employs or sponsors licensed mortgage loan originators registers with the Iowa Division of Banking through NMLS. That registration takes a $100,000 surety bond, the amount Iowa Code section 535B.9 sets for a mortgage broker or banker. Ours is $600 flat.
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How much does an Iowa exempt company registration bond cost?
$600 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
Exempt company registration 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 application. No credit check.
Pay & e-sign
This bond is checkout-priced at $600 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Iowa exempt company bonds are filed through NMLS for the Division of Banking's review. Your executed bond arrives by email, ready to attach to your registration — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Iowa Code chapter 535B (Mortgage Bankers, Mortgage Brokers, and Closing Agents) is administered by the superintendent of banking through the Iowa Division of Banking. Under section 535B.9, an applicant seeking to transact business as a mortgage broker or mortgage banker files a bond of one hundred thousand dollars unless the superintendent sets a different amount by rule. A company that is otherwise exempt from full 535B licensing — because it does not itself originate loans, for example — but that employs or sponsors licensed mortgage loan originators must have those originators individually licensed under the parallel Mortgage Licensing Act (chapter 535D); the company itself registers with the division as an exempt company, and the division sets that registration's own bond requirement at $100,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the state acting through the Division of Banking (the obligee) — for the use of the state and any person who develops a cause of action against the registrant. The bond provides coverage tied to your registration and the originators you sponsor, so one filing backs your registered status.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must remain continuous until the surety gives at least thirty days' written notice of cancellation to both you and the department, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $100,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Iowa exempt company bonds are filed through NMLS for the Division of Banking's review. Your executed bond arrives by email, ready to attach to your registration — wet-ink original mailed on request.
What sets the price
The premium is fixed at $600 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
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.
Iowa mortgage license bonds.
We write 3 mortgage license bonds in Iowa. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Mortgage Broker Bond — NMLS | Iowa Code § 535B.9 | $100,000 or more | From $600 |
| Exempt Company Registration Bond ($100,000) (this page) | Iowa Code § 535B.9 | $100,000 | $600 |
| Mortgage Banker Bond — NMLS | Iowa Code § 535B.9 | $100,000 or more | From $600 |
Other Iowa bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your exempt company registration today.
$600 flat, issued the moment you pay, no credit check. Free until issued.