Iowa industrial loan company bonds.
$250 flat.
Iowa licenses industrial loan companies through the superintendent of banking under Iowa Code chapter 536A. A license applicant must file a $25,000 surety bond with the superintendent, for the use of the state and any person with a cause of action against the company. Ours is $250 flat.
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How much does an Iowa industrial loan company bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Industrial loan company 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 application. No credit check.
Pay & e-sign
This bond is checkout-priced at $250 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Division of Banking
Your executed bond arrives by email, ready to file with your license application at 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 536A governs industrial loan companies — lenders operating under an industrial loan license from the superintendent of banking. Under section 536A.7A, a license applicant files a bond furnished by a surety authorized in Iowa; until the superintendent sets a loan-volume-based amount by administrative rule, the bond is $25,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). The bond is for the use of the state and any persons with causes of action against the company — conditioned on faithfully conforming to chapter 536A and its rules, with the surety answerable for moneys that become due to the state or to those persons under the chapter.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is continuous until canceled by the surety on at least 30 days' written notice to you and the superintendent, so it stays on file for the life of the license; 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 $25,000 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 with the Division of Banking. Your executed bond arrives by email, ready to file with your license application at the Iowa Division of Banking. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 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.
Other Iowa bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your industrial loan license today.
$250 flat, issued the moment you pay, no credit check. Free until issued.