IA resident trust fund bonds.
From $100.
When an Iowa health care facility holds residents’ personal funds in trust, Iowa Code 135C.21 requires it to safeguard those funds — a surety bond is the common way to do it. The bond is priced at 1% of the bond amount, $100 minimum; enter the amount sized to the funds you hold and your exact price appears in the on-page calculator.
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Apply to filed in one sitting.
No underwriting queue for the standard resident trust fund bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount sized to your resident trust funds, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, so there is no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review, a soft pull that never touches your score.
File with the licensing department
Submit the executed bond to the Iowa licensing department with your facility license. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the resident trust fund bond actually covers
When a resident of an Iowa health care facility (nursing facility, residential care facility, ICF) deposits personal spending money with the facility, the facility holds it in trust for the resident. Iowa Code 135C.21 governs the handling of those resident funds and requires the facility to safeguard them so a resident is never deprived of their own money.
A surety bond is the common way to provide that safeguard. The bond is payable for the benefit of residents: if the facility misapplies or fails to return a resident’s trust funds, the harmed resident (or their estate) can recover against the bond up to its amount.
Because the exposure is the dollars you hold, the bond amount is sized to your resident trust funds — confirm the figure with the licensing department, enter it, and premiums start from $100; the application collects no credit information. If the surety pays a claim, the facility repays the surety.
You need this bond if you are
One application, issued on the spot.
Submit the application with your required bond amount — the executed resident trust fund bond is generated instantly, ready to file.
Start the application →Common questions.
Other Iowa bonds.
Resident trust fund bond, issued today.
From $100. Enter your required amount and file the same day.