Debt management companies operating in Iowa are regulated by the state’s Division of Banking. While the Division mandates your surety bond requirement, it is through NMLS, the Nationwide Mortgage Licensing System, that your license and proof of surety requirement are filed.
Our goal is to make it easy for you: So, upon payment of your surety bond, our agency will electronically file the bond on your behalf to NMLS.
The $25,000 Iowa debt management license bond is issued to you immediately upon completion of an application – which we will take from you over the phone --- and payment of the $375 premium.
There is neither an underwriter review nor a credit check inquiry for this bond. In other words, this bond is issued immediately upon payment of the premium.
After the bond’s issuance we’ll gather the identifying number from you to electronically file the bond on your behalf. If you’d like a copy of the bond, we can email and/or mail a physical surety bond to you for your records as well.
If you prefer to file the debt management bond yourself, then our agency will mail the bond to you.
At a $375 premium, the bond Iowa debt management license bond is issued for a period of one year. The bond will renew on the anniversary of its issuance along with a new premium payment.
We offer you the opportunity to prepay your debt management bond for up to 3 years. Prepayment benefits you in two ways: The first is that it lengthens the time between renewals; and the second is that it offers you a savings over renewing each year.
The premium prepayment options and savings are as follows:
The purpose of this bond is a financial guarantee with all laws relating to debt management in Iowa, and must especially Iowa Code Chapter 533A.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds and court surety bonds throughout Iowa.
Our agency also provides surety bonds nationwide.
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