Iowa Loan Company Bond

A Loan Company License Bond is a type of surety bond required for those licensed or applying for a license with the Iowa Superintendent of Banking to conduct business as a loan company pursuant to the Iowa Code Chapter 536 or 536A. This surety bond ensures compliance with the rules and regulations set forth by the Superintendent of Banking and satisfaction of any loss or damages suffered by the state of Iowa or anyone having a cause of action against the bonded principal.