Iowa
Closing Agent Surety Bond

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Coverage Amount: $25,000
Term Length: 1 year
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Iowa Closing Agent Bond Guide

If you’re applying for a real estate closing agent license in Iowa, you’ll need a surety bond. Learn all about the bonding process in this quick guide. 

Bond Overview

  • Purpose: To protect clients from prospective harm caused by closing agents 
  • Who Needs It: Licensed real estate closing agents 
  • Regulating Body: The Iowa Division of Banking
  • Required Coverage: $25,000
  • Premium Rate: Credit-based, starting at $250 

What Is an Iowa Closing Agent Bond?

An Iowa closing agent bond ensures licensed closing agents conduct business ethically and legally. It provides financial protection if an agent mishandles real estate funds or documents. 


The Iowa Department of Commerce, Division of Banking requires this type of bond for statewide licensing.

How Much Do Closing Agent Bonds Cost in Iowa?

The state-required $25,000 closing agent bond typically costs 1–10% of the bond amount. For example, qualified applicants often pay as low as $250 for the 1-year term. 

Apply now to receive your personalized quote in one business day or less.

Bond Type
$25,000Closing Agent Surety Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Does the Bond Work? 

An Iowa closing agent bond creates a legally-binding contract between three parties: 

  1. Principal: The closing agent filing the bond
  2. Obligee: The Iowa Division of Banking requiring the bond
  3. Surety: The provider issuing the bond

As the principal, you are responsible for upholding the bond obligations. If not, the obligee or other harmed parties can file claims against the bond for up to $25,000 reimbursement. 

Who Needs a Closing Agent Bond? 

Under Iowa Code 535.B, any individual or business providing real estate closing services must be licensed and bonded with the state. This provides financial collateral if an agent causes damages. 

How Do I Get a Closing Agent Bond in Iowa? 

To get your closing agent bond quickly and easily, follow these steps: 

  1. Submit a quote request
  2. Sign the digital indemnity agreement
  3. Purchase the bond online

After you check out, we’ll issue and upload the bond directly to the NMLS on your behalf. 

How to Become a Closing Agent in Iowa 

You can apply for an Iowa closing agent license online through the NMLS. 

  1. Create an NMLS account
  2. Pay the $600 fees
  3. Submit a criminal background check
  4. Upload bank and financial statements
  5. File proof of $25,000 surety bond coverage
  6. Provide additional supporting documents and information about the company and its ownership

Closing agent licenses expire annually on December 31. Be sure to renew your license and bond in advance each year. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert