The delayed deposit services profession is defined by the state of Iowa as someone who, for monetary compensation:
A requirement for licensing with Iowa is that a delayed deposit services business obtain a $25,000 surety bond. Meeting the surety bond requirement is easy and will take a few short minutes of your time.
Qualifying for the $25,000 Iowa delayed deposit services bond is done by completing an application --- which we’ll take from you over the phone --- and paying the premium of $188.
In other words, there is no credit check nor underwriter review for this bond; you are automatically approved.
Once the premium has been paid, the bond is issued to you immediately. At your request, a copy of your bond can be emailed to you. The original bond, which you will also sign as Principal, will be mailed to you the following business day.
It is ideally the original surety bond along with the Power of Attorney that you will file with the state.
At $188, your delayed deposit services surety bond is issued for a standard one year period. Thereafter the bond renews. The bond can also be prepaid for up to 3 years, thereby offering you a savings over year to year renewal of the premium.
The premium prepayment options and savings are as follows:
Your surety bond is a financial guarantee of your compliance with Iowa Code Chapter 533D. The bond also serves as a guarantee that you will:
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Iowa.
Our agency also provides surety bonds nationwide.
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