IA has increased its Surety Bond amount to $100,000 for mortgage bankers and brokers [go to IA Division of Banking]. As a current Licensee, you must submit a Surety Bond Rider increasing your Surety Bond amount to $100,000 by 7-1-2008 Deadline. [House File 2556 signed into law on 5-10-2008 by Governor Culver. Note: IA is a member of the National Mortgage Licensing System [NMLS]; its renewal applications are due by 12-1-2008 and its licenses expire on 12-31-2008 if not renewed.
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