Industrial Loan Companies operating in Iowa are required under the Iowa Code Section 536A.7A to file an Iowa Industrial Loan Company Bond as a condition of licensure.
Bonds Express offers an Iowa Industrial Loan Company Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Iowa Industrial Loan Company Bond holds you accountable for your business decisions.
By possessing an Iowa Industrial Loan Company Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.