Iowa Manufactured Home Retailer's Bond Guide
If you’re applying for a manufactured/mobile home retailer license in Iowa, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee housing is built, installed and distributed according to state laws
- Who Needs It: All manufactured housing retailer licensees in Iowa
- Regulating Body: The Iowa Department of Inspections, Appeals, and Licensing
- Required Coverage: $50,000
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is an Iowa Mobile/Manufactured Home Retailer's Bond?
Iowa manufactured home retailer bonds hold mobile and modular home sellers accountable for operating legally and responsibly. The bond also provides financial security for consumers if a retailer is fraudulent.
The Iowa Department of Inspections, Appeals, and Licensing (DIAL) requires this bond as part of the manufactured housing retailer licensing process.
How Much Do Mobile/Manufactured Home Retailer's Bonds Cost in Iowa?
Iowa manufactured home retailer bonds cost a small percentage of the $50,000 bond amount, typically 1–10%.
That means you could pay as low as $500 with excellent personal credit. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Iowa manufactured home retailer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file the original bond form along with your license application to the address below:
DIAL Headquarters
6200 Park Ave, Suite 100
Des Moines, IA 50321
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Iowa Mobile/Manufactured Home Retailer's Bond Work?
As with all surety bonds, a manufactured home retailer bond creates a legal contract between three parties:
- Principal: You, the manufactured housing retailers filing the bond
- Obligee: The Iowa Department of Inspections, Appeals, and Licensing requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Chapter 103A of the State Building Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your manufactured home retailer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.