IA exempt company registration bonds.
$600 flat.
A mortgage company that is exempt from Iowa lender or broker licensing but still employs or sponsors licensed mortgage loan originators registers with the Iowa Division of Banking through NMLS, and that registration takes a $100,000 surety bond — the same amount Iowa Code section 535B.9 sets for a licensed mortgage broker or banker. Ours is $600 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.
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 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 $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
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 exempt company registration today.
$600 flat, issued the moment you pay, soft pull only. Free until issued.