IA mortgage banker bonds.
From $100. Enter your amount.
Iowa's mortgage banker license under Iowa Code chapter 535B requires a surety bond filed with the administrator — the superintendent of banking — before the license issues. Under 535B.9 the bond is $100,000 for mortgage bankers, rising to $150,000 for lenders whose annual loan volume tops $100 million, and it files electronically through NMLS. The premium is 0.6% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No quote round-trip — enter your amount, pay, and the executed bond delivers through NMLS. Here is the whole thing:
Apply online
Your business details, the bond amount your NMLS checklist requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.6% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File through NMLS
The executed bond delivers on the NMLS electronic surety bond track to the Iowa Division of Banking. Wet-ink original mailed whenever the state insists.
What it is and who needs it.
What the mortgage banker bond covers
Iowa licenses mortgage bankers — lenders who fund or service residential mortgage loans — through the Division of Banking under Iowa Code chapter 535B, with applications processed through NMLS. Under section 535B.9, a license applicant files a surety bond with the administrator — $100,000 for mortgage bankers until the superintendent sets a loan-volume-based amount by rule; the Division's checklist raises it to $150,000 when annual loan volume exceeds $100 million.
The bond is for the use of the state and any persons with causes of action against you — conditioned on faithfully conforming to chapter 535B and its rules, with the surety answerable for moneys that become due to the state or to those persons under the chapter. It's what stands behind your lending and servicing conduct with Iowa borrowers.
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 administrator, and it files electronically through NMLS against your company record; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount your NMLS checklist requires — the executed bond is generated the moment you pay, ready to file.
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Other Iowa bonds.
Mortgage banker bond, issued today.
0.6% of the bond amount, $100 minimum, with your exact price at the application. Enter your required amount and file the same day.