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Iowa bonds

Iowa — Appraisal Management Company Bond

Iowa Code 543E.19 provides for $25,000 AMC security on a form prescribed by the director. Prepare the company and its appraisal-management activity involving Iowa real estate, rather than treating the office address as the whole territorial test.

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Recorded state
Iowa
Category
Real estate & property

What this bond does

Supply the company's Iowa AMC security for the appraisal-management undertaking defined by the statute and the director's accepted instrument.

Who needs it
An appraisal management company preparing its Iowa registration/security file, not an individual appraiser seeking a credential or a buyer insuring a property.
Who it protects
The published statute limits the security requirements to liabilities, damages, losses or claims arising from the company's appraisal-management services involving real estate in Iowa. It allows direct suit on the bond or action by the director; it does not guarantee a property's market value.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Identify the management company and Iowa work

Have the company's legal registration identity and a clear description of the appraisal-management services and property locations ready. A generic real-estate business description does not establish that the applicant is the management company responsible under the request.

Use the director-prescribed instrument and actual execution, recipient and date instructions. Section 543E.19 states the $25,000 security and territorial/claim framework; it does not itself supply every form field, delivery instruction or fixed purchase term.

Purchase Now opens Propeller. Confirm the company, director's request and current instrument before applying, then deliver the issued document as directed. Checkout does not complete registration or decide whether an alleged loss falls within the statutory scope.

Sources

Have these ready

  1. Identify the registering AMC and relevant Iowa real-estate management activity.
  2. Obtain the director-prescribed current instrument and exact recipient wording.
  3. Confirm the $25,000 security, effective dates and execution.
  4. Follow the issued-document and registration filing directions.

Questions about this bond

Does the company's office address alone define the bond's scope?

The statute describes liabilities arising from AMC services involving real estate located in Iowa. Prepare the actual activity and property locations rather than assuming the office address answers that question.

Can any generic surety form be substituted?

The published statute calls for a form prescribed by the director. Obtain the actual current instrument and directions before applying.

Does it guarantee the appraised value?

No such general guarantee is stated. The statute defines appraisal-management liabilities and claim rights; a particular loss must meet the applicable condition.

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