Nursing Homes operating in Iowa that are responsible for holding patient funds are required under the Iowa Code Section 81.13(5) et. seq. to file an Iowa Resident Trust Funds Bond as a condition of licensure.
Bonds Express offers anIowa Resident Trust Funds 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 Resident Trust Funds Bond holds you accountable for your business decisions.
By possessing an Iowa Resident Trust Funds Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.