Mortgage Bankers operating in the State of Iowa are required under Iowa Code Chapter 535B to execute an Iowa Mortgage Banker Bond to ensure compliance with licensure.
Bonds Express offers an Iowa Mortgage Banker 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 Mortgage Banker Bond holds you accountable for your business decisions.
By possessing an Iowa Mortgage Banker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.